Suburb

Market snapshot

Suburb insights for Richmond3121

Change suburb

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
12/11 River St, Richmond2PriceTownhousePrivate Sale9/04/2026Nelson AlexanderView
6/55 Stanley St, Richmond2PriceApartmentPrivate Sale3/04/2026BigginScottView
22 Garfield St, Richmond2PriceHouseSold Before Auction22/04/2026Zed Real EstateView
103/45 York St, Richmond1PriceApartmentPrivate Sale6/04/2026BigginScottView
G01/33 Judd St, Richmond1PriceApartmentPrivate Sale1/04/2026Nelson AlexanderView
529 Swan St, Richmond3PriceHousePrivate Sale1/04/2026Jellis CraigView
3A Lambert St, Richmond3PriceTownhousePrivate Sale27/03/2026Jellis CraigView

Sales data

Median sale price
$1.5mil
Quarterly price change
9%
Metro Melbourne Comparison
$992k
1.9%
BedroomsRichmondMetro comparison
2$1,210,000$950,000
3$1,620,000$863,000
4$2,387,500$980,500
InsightRichmondMetro comparison
Clearance rate84.6%74.9%
Days on market2837

Rental data

Median weekly rent
$875
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.1%
BedroomsRichmondMetro comparison
2$775$595
3$1,000$550
4$1,350$595
Median data for the current quarter
Find a REIV member

Find a REIV member

Real estate professionals in your area with the right skills, the best knowledge and proven expertise.
Find a member