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
3/1A Glasshouse St, RichmondPriceUnitPassed in Vendor Bid20/07/2024Jellis CraigView
154 Kent St, Richmond3PriceHouse (Res)Auction Sale20/07/2024BigginScottView
4/35 Waltham St, Richmond2PriceUnitAuction Sale18/07/2024Jellis CraigView
9/178 Mary St, Richmond1PriceApartmentPrivate Sale9/07/2024Belle Property Richmond
11/27 Sherwood St, Richmond1PriceUnitPrivate Sale1/07/2024BigginScottView
509/14 David St, Richmond2PriceUnitPrivate Sale28/06/2024BigginScottView
63A Bendigo St, Richmond3PriceTownhouse (Res)Private Sale25/03/2020BigginScott
53 Bunting St, Richmond2PriceHouse (Res)Passed in Vendor Bid20/07/2024BigginScottView
22 Waltham St, Richmond3PriceHouse (Res)Auction Sale20/07/2024Jellis CraigView

Sales data

Median sale price
$1.4mil
Quarterly price change
-11%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsRichmondMetro comparison
2$1,200,000$902,500
3$1,620,000$810,000
4$2,340,000$955,000
InsightRichmondMetro comparison
Clearance rate70.4%73.8%
Days on market3442

Rental data

Median weekly rent
$775
Rental yield
2.8%
Metro Melbourne Comparison
$560
3.2%
BedroomsRichmondMetro comparison
2$700$550
3$900$540
4$1,175$580
Median data for the current quarter
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