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
13 Fordham Ct, Richmond2PriceHouseAuction Sale4/04/2025BigginScottView
24A Manton St, Richmond2PriceHouseAuction Sale4/04/2025BigginScottView
203 Lennox St, Richmond4PriceHouseAuction Sale4/04/2025Belle Property ArmadaleView
117 Lord St, Richmond2PriceHouseAuction Sale4/04/2025Marshall White
24A Manton St, Richmond2PriceHousePassed in at Auction4/04/2025BigginScottView
14 Union St, Richmond3PriceHouseAuction Sale4/04/2025Belle Property BalwynView
25 Miller St, Richmond2PriceHouseSold Before Auction1/04/2025Jellis CraigView
61 Westbank Tce, Richmond1PriceApartmentSold Before Auction1/04/2025Jellis CraigView

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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