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
104/183 Bridge Rd, Richmond2PriceApartmentPrivate Sale25/01/2026Morrison Kleeman
205/12 Coppin St, Richmond1PriceApartmentPrivate Sale16/01/2026Little Real EstateView
2/42 Murphy St, Richmond1PriceApartmentPrivate Sale7/01/2026BigginScott
13/60 Glass St, Richmond2PriceTownhouseAuction Sale30/01/2026Ray White Southbank and Port PhillipView
13 Boyd St, Richmond2PriceHouseAuction Sale28/01/2026Ray White CarnegieView
85 Bendigo St, Richmond3PriceHousePrivate Sale12/01/2026BigginScottView
41 Glass St, Richmond2PriceHouseSold Before Auction7/12/2025BigginScottView

Sales data

Median sale price
$1.3mil
Quarterly price change
-4%
Metro Melbourne Comparison
$974k
1.8%
BedroomsRichmondMetro comparison
2$1,217,500$940,000
3$1,600,000$851,000
4$2,400,000$970,000
InsightRichmondMetro comparison
Clearance rate88%77.8%
Days on market28.536

Rental data

Median weekly rent
$850
Rental yield
3.1%
Metro Melbourne Comparison
$580
3.2%
BedroomsRichmondMetro comparison
2$750$585
3$995$550
4$1,300$600
Median data for the current quarter

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