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
31/343 Church St, Richmond3PriceApartmentPassed in at Auction11/04/2025Belle Property BalwynView
15 Moorhouse St, Richmond3PriceHousePassed in at Auction11/04/2025Burne MacmillanView
46 Peers St, Richmond2PriceHouseAuction Sale11/04/2025BigginScottView
14/55 Bendigo St, Richmond2PriceApartmentPrivate Sale1/04/2025Little Real EstateView
1/126-128 Burnley St, Richmond3PriceTownhouseAuction Sale11/04/2025Belle Property ArmadaleView
7 Moore St, Richmond3PriceHousePassed in at Auction11/04/2025BigginScottView
18/38 Burnley St, Richmond1PriceApartmentPrivate Sale1/04/2025Little Real EstateView

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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