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
80 Abinger St, Richmond3PriceHouseAuction Sale9/05/2025BuxtonView
82 Lennox St, Richmond2PriceHouseAuction Sale9/05/2025Jellis CraigView
42 Strafford St, Richmond2PriceHouseAuction Sale9/05/2025Buxton Stonnington
2/75 Baker St, Richmond2PriceTownhousePassed in at Auction4/05/2025Ray White Southbank and Port Phillip
5/408-422 Victoria St, Richmond2PriceTownhousePrivate Sale30/04/2025Little Real EstateView
228/253 Bridge Rd, Richmond1PriceApartmentPrivate Sale15/04/2025BigginScott
131 Coppin St, Richmond4PriceHouseAuction Sale9/05/2025BigginScottView
62 Neptune St, Richmond3PriceHouseAuction Sale9/05/2025BigginScottView
64 Yarra Blvd, Richmond4PriceTownhousePassed in Vendor Bid9/05/2025BigginScott - 0View
6/2-8 Lyndhurst St, Richmond2PriceApartmentSold Before Auction7/05/2025Belle Property ArmadaleView

Sales data

Median sale price
$1.4mil
Quarterly price change
4.8%
Metro Melbourne Comparison
$923k
2.7%
BedroomsRichmondMetro comparison
2$1,170,000$881,200
3$1,653,500$810,000
4$2,257,500$942,350
InsightRichmondMetro comparison
Clearance rate75%78.5%
Days on market3542

Rental data

Median weekly rent
$823
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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