Market snapshot
Suburb insights for Richmond3121
Change suburbRichmond 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 40A Rotherwood St, Richmond | 2 |  | House | Auction Sale | 12/12/2025 | Belle Property Richmond | View |
| 5 Thomas St, Richmond | 3 |  | House | Private Sale | 24/11/2025 | BigginScott | View |
| 2/75 Baker St, Richmond | 2 |  | Townhouse | Auction Sale | 12/12/2025 | Belle Property Richmond | View |
| 45 Westbank Tce, Richmond | 2 | | House | Sold Before Auction | 11/12/2025 | Jellis Craig | View |
| 4 Theresa St, Richmond | 2 | | House | Sold Before Auction | 9/12/2025 | Jellis Craig | View |
| 502/47 Murphy St, Richmond | 4 | | Apartment | Private Sale | 30/11/2025 | Jellis Craig | View |
| 219/33 Judd St, Richmond | 2 | | Apartment | Private Sale | 28/11/2025 | BigginScott | View |
| 9 Miller St, Richmond | 4 | | House | Private Sale | 26/11/2025 | Jellis Craig | View |
| 10/4 Smith St, Richmond | 2 | | Apartment | Private Sale | 25/11/2025 | BigginScott | View |
| 102/3 Kennedy Av, Richmond | 2 | | Apartment | Private Sale | 24/11/2025 | Jellis Craig | View |
| 72 Gardner St, Richmond | 2 | | House | Sold Before Auction | 20/11/2025 | Jellis Craig | |
| 410/71 Canterbury St, Richmond | 2 | | Apartment | Private Sale | 19/11/2025 | Nelson Alexander | View |
| 102/174 Burnley St, Richmond | 1 | | Apartment | Private Sale | 9/11/2025 | Belle Property Richmond |
Sales data
Median sale price
$1.4mil
Quarterly price change
-10.8%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Richmond | Metro comparison |
|---|---|---|
| 2 | $1,190,000 | $910,000 |
| 3 | $1,615,000 | $830,000 |
| 4 | $2,300,000 | $951,500 |
| Insight | Richmond | Metro comparison |
|---|---|---|
| Clearance rate | 81.6% | 81.4% |
| Days on market | 34 | 36 |
Rental data
Median weekly rent
$850
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Richmond | Metro comparison |
|---|---|---|
| 2 | $750 | $580 |
| 3 | $985 | $550 |
| 4 | $1,300 | $600 |
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