Thinking about buying in Mount Richmond? Now could not be a better time, with just 35 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $758,000 with prices in this suburb ranging from $409,000 to $1,053,000. Mount Richmond is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Household Makeup
| Median Weekly Rent | $259.00 |
| Median Monthly Mortgage | $1402.50 |
| Median Persons Per Bedroom | 0.75 |
| Average Household Size | 2.50 |
| Average Age | 50.00 |
| Average Income | $892.00 |
| Average Cars Per Dwelling | 2.50 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 3 Bed $1,053,000 |
| 5 Bed $671,000 |
Mount Richmond Real Estate Market Outlook
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Mount Richmond due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Mount Richmond provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Mount Richmond to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Mount Richmond the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Mount Richmond there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Mount Richmond weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.4 | 12.9 | 23.1 | 50.5 | 90.9 | 4.5 | 23.8 |
| Feb | 1.2 | 13.5 | 23.2 | 50.8 | 90.5 | 4.4 | 20.1 |
| Mar | 1.5 | 12.2 | 21.2 | 54.0 | 91.8 | 4.2 | 15.5 |
| Apr | 1.9 | 10.1 | 19 | 56.1 | 92.8 | 4.0 | 11.2 |
| May | 3.2 | 8.6 | 16 | 61.6 | 93.0 | 4.5 | 8.1 |
| Jun | 3.8 | 6.4 | 13.8 | 65.1 | 93.6 | 4.1 | 7.0 |
| Jul | 4.4 | 6.6 | 13.3 | 64.6 | 93.0 | 5.2 | 7.1 |
| Aug | 3.2 | 6.8 | 14.0 | 59.4 | 91.9 | 5.4 | 10.1 |
| Sept | 2.7 | 7.7 | 16.0 | 56.1 | 92.0 | 5.4 | 14.7 |
| Oct | 2.2 | 8.7 | 17.4 | 55.3 | 91.8 | 4.9 | 19.4 |
| Nov | 1.6 | 10.2 | 19.0 | 56.0 | 92.4 | 4.7 | 22.6 |
| Dec | 1.7 | 11.4 | 21.3 | 54 | 92.5 | 4.8 | 26.1 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Cable Tram Museum and Depot - Greater then 10KM
Maritime Discovery Centre - Greater then 10KM
World War II Memorial Lookout - Greater then 10KM
Portland Bay Holiday Park - Greater then 10KM
Botanical Gardens - Greater then 10KM
Powerhouse Museum - Greater then 10KM
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