Suburb

Market snapshot

Suburb insights for Richmond3121

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Richmond is located 3 km east of the CBD. The suburb is home to Melbourne Cricket Ground hosting Aussie cricket the Australian Football League and past Commonwealth games. The suburb is well served by Richmond Railway Station and various trams for transport. For shopping Bridges Road and Swan Street have major label factory outlets seconds stores and small boutiques. The suburb is home to a variety of food choices from cosy cafes fine dining traditional Vietnamese treats or pizza in a pub.

Recent sales and auction results in Richmond

AddressBedroomsPriceTypeMethodSale DateAgentListing
317 Lennox St, Richmond3PriceHousePassed in at Auction9/10/2026Kay & Burton
3/18 Strode St, Richmond3PriceTownhousePassed in Vendor Bid9/10/2026Jellis Craig
24A Goodwood St, Richmond2PriceHouseSold Before Auction1/10/2026BuxtonView
41/4 Tullo Pl, Richmond2PriceApartmentPrivate Sale25/09/2026Jellis Craig
3/55 Stanley St, Richmond2PriceApartmentPrivate Sale16/09/2026BigginScottView
11 Corsair St, Richmond2PriceHousePassed in Vendor Bid9/10/2026BigginScottView
15 Madden Gr, Richmond3PriceHouseSold Before Auction29/09/2026Jellis Craig
117 Kent St, Richmond2PriceHousePrivate Sale15/09/2026Jellis Craig
3/30 Tanner St, Richmond2PriceApartmentPrivate Sale15/09/2026Jellis Craig
5 Lightfoot St, Richmond4PriceHousePrivate Sale7/09/2026Jellis Craig

Sales data

Median sale price
$1.4mil
Quarterly price change
0.2%
Metro Melbourne Comparison
$943k
-0.7%
BedroomsRichmondMetro comparison
2$1,200,000$930,500
3$1,585,000$870,000
4$2,275,000$990,000
InsightRichmondMetro comparison
Clearance rate68.3%69.4%
Days on market2845

Rental data

Median weekly rent
$900
Rental yield
3.4%
Metro Melbourne Comparison
$590
3.2%
BedroomsRichmondMetro comparison
2$800$615
3$1,050$570
4$1,350$600
Median data for the current quarter
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