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
4/66 Buckingham St, Richmond2PriceApartmentAuction Sale4/07/2025Belle Property Richmond
2/50 Tanner St, Richmond3PriceTownhousePrivate Sale3/07/2025Belle Property Richmond
1/101 Hunter St, Richmond2PriceApartmentPrivate Sale25/06/2025Little Real EstateView
9/17 Stillman St, Richmond2PriceApartmentPrivate Sale16/06/2025Jellis CraigView
124 Coppin St, Richmond2PriceHouseAuction Sale4/07/2025FletchersView
1/164 Highett St, Richmond4PriceTownhousePassed in Vendor Bid4/07/2025BigginScottView
31 Palmer St, Richmond2PriceHouseAuction Sale4/07/2025BigginScottView
2/1 George St, Richmond3PriceTownhouseSold Before Auction1/07/2025Jellis CraigView

Sales data

Median sale price
$1.6mil
Quarterly price change
6.9%
Metro Melbourne Comparison
$924k
0.4%
BedroomsRichmondMetro comparison
2$1,190,000$890,000
3$1,610,000$815,000
4$2,150,000$950,000
InsightRichmondMetro comparison
Clearance rate75.8%79.5%
Days on market3439

Rental data

Median weekly rent
$850
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
BedroomsRichmondMetro comparison
2$750$580
3$975$550
4$1,300$600
Median data for the current quarter
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