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
40A Rotherwood St, Richmond2PriceHouseAuction Sale12/12/2025Belle Property RichmondView
5 Thomas St, Richmond3PriceHousePrivate Sale24/11/2025BigginScottView
2/75 Baker St, Richmond2PriceTownhouseAuction Sale12/12/2025Belle Property RichmondView
45 Westbank Tce, Richmond2PriceHouseSold Before Auction11/12/2025Jellis CraigView
4 Theresa St, Richmond2PriceHouseSold Before Auction9/12/2025Jellis CraigView
502/47 Murphy St, Richmond4PriceApartmentPrivate Sale30/11/2025Jellis CraigView
219/33 Judd St, Richmond2PriceApartmentPrivate Sale28/11/2025BigginScottView
9 Miller St, Richmond4PriceHousePrivate Sale26/11/2025Jellis CraigView
10/4 Smith St, Richmond2PriceApartmentPrivate Sale25/11/2025BigginScottView
102/3 Kennedy Av, Richmond2PriceApartmentPrivate Sale24/11/2025Jellis CraigView
72 Gardner St, Richmond2PriceHouseSold Before Auction20/11/2025Jellis Craig
410/71 Canterbury St, Richmond2PriceApartmentPrivate Sale19/11/2025Nelson AlexanderView
102/174 Burnley St, Richmond1PriceApartmentPrivate Sale9/11/2025Belle Property Richmond

Sales data

Median sale price
$1.4mil
Quarterly price change
-10.8%
Metro Melbourne Comparison
$955k
2.7%
BedroomsRichmondMetro comparison
2$1,190,000$910,000
3$1,615,000$830,000
4$2,300,000$951,500
InsightRichmondMetro comparison
Clearance rate81.6%81.4%
Days on market3436

Rental data

Median weekly rent
$850
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
BedroomsRichmondMetro comparison
2$750$580
3$985$550
4$1,300$600
Median data for the current quarter

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