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
2/28 Bennett St, Richmond1PriceApartmentPassed in at Auction24/06/2025Areal Property Hawthorn
102/18 Tanner St, Richmond1PriceApartmentPrivate Sale20/06/2025Dingle PartnersView
1/633 Church St, Richmond3PriceApartmentPrivate Sale12/06/2025BigginScott
10/14 David St, Richmond2PriceApartmentPrivate Sale10/06/2025BigginScott
72-74 Type St, Richmond1PriceApartmentPrivate Sale6/06/2025BigginScott
5/239 Church St, Richmond3PriceApartmentPrivate Sale19/05/2025BigginScott
1/105 Crown St, Richmond3PriceTownhousePassed in Vendor Bid27/06/2025Jellis CraigView
9 Stockade La, Richmond3PriceHouseSold Before Auction23/06/2025Jellis CraigView
64 Neptune St, Richmond3PriceHousePrivate Sale19/06/2025BigginScott

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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