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
3/162 Buckingham St, Richmond3PriceTownhousePassed in at Auction17/07/2026ThomsonView
17 Elm Gr, Richmond3PriceHousePrivate Sale3/07/2026BigginScottView
1/31 Mary St, Richmond2PriceApartmentPrivate Sale1/07/2026BigginScott
49 Baker St, Richmond3PriceTownhousePrivate Sale24/06/2026Noel JonesView
101/45 York St, Richmond1PriceApartmentPrivate Sale24/06/2026MREView
424/253 Bridge Rd, Richmond3PriceApartmentPrivate Sale21/06/2026Jellis CraigView
31 Durham St, Richmond3PriceHousePassed in at Auction17/07/2026BigginScottView
45 Fraser St, Richmond3PriceHouseSold Before Auction16/07/2026Jellis CraigView

Sales data

Median sale price
$1.4mil
Quarterly price change
-6.9%
Metro Melbourne Comparison
$953k
-3.1%
BedroomsRichmondMetro comparison
2$1,197,000$950,000
3$1,620,000$872,000
4$2,337,500$990,000
InsightRichmondMetro comparison
Clearance rate74.6%68.8%
Days on market2842

Rental data

Median weekly rent
$895
Rental yield
3.3%
Metro Melbourne Comparison
$580
3.1%
BedroomsRichmondMetro comparison
2$780$600
3$1,030$560
4$1,350$600
Median data for the current quarter
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