Thinking about buying in Richmond? Now could not be a better time, with 24321 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,390,000 with prices in this suburb ranging from $72,000 to $13,818,000. Richmond is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $462.38 |
| Median Monthly Mortgage | $2353.58 |
| Median Persons Per Bedroom | 0.96 |
| Average Household Size | 2.02 |
| Average Age | 33.93 |
| Average Income | $1320.80 |
| Average Cars Per Dwelling | 1.11 |
| Average Properties Within 50M | 117 |
Housing Stock
Average Property Prices
| 1 Bed $562,000 |
| 2 Bed $1,288,000 |
| 3 Bed $2,325,000 |
| 4 Bed $2,975,000 |
| 5 Bed $3,647,000 |
| 6 Bed+$2,936,000 |
Richmond Real Estate Market Outlook
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Richmond is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in 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 Richmond to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Richmond we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Richmond a better buying opportunity than it may have been in the past.
Richmond is a suburb of Melbourne, Victoria. An incredibly diverse and culturally rich suburb, Richmond has undergone significant gentrification in recent years, beginning in the early 1990s. The suburb is hugely multifaceted, featuring a blend of accommodation ranging from modern high-rise flats to Victorian terraced houses, interspersed throughout a popular retail sector. Well known for its Little Saigon region, a centre of Vietnamese culture in Australia, the name Richmond comes from a region in London known as Richmond Hill. Richmond features a number of schools and colleges, along with several hospitals and sports clubs.
Richmond lies just 3 kilometres from Melbourne’s Central Business District, making it excellent for commuters and professionals working in the city’s heart. Richmond is incredibly well serviced by public transport systems; there are 5 train stations spread throughout the municipality. The proximity and connections to the centre of the city, coupled with the retail sector that permeates much of Richmond and the high density and variety of housing found throughout the suburb, all combine to create a vibrant urban suburb full of excitement and promise, right in the heart of Melbourne.
Properties for sale Richmond
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UNIT 8, 31 FRANCIS ST, RICHMOND, NSW, 2753 |  2 |
 1 |
 1 |
New To Market |
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UNIT 6, 13 MORAY ST, RICHMOND, NSW, 2753 | 3 |
2 |
2 |
New To Market |
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13 VICTORIA PL, RICHMOND, NSW, 2753 | 5 |
2 |
2 |
Price: Contact Agent |
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78 WILLIAM COX DR, RICHMOND, NSW, 2753 | 3 |
1 |
1 |
1000000 |
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49 FAITHFULL ST, RICHMOND, NSW, 2753 | 3 |
1 |
2 |
990000 |
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UNIT 3, 9 WILLIAM ST, RICHMOND, NSW, 2753 | 4 |
2 |
2 |
895000 |
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50 WEST MARKET ST, RICHMOND, NSW, 2753 | 3 |
1 |
1 |
Guide $985,000 |
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5A BOWMAN ST, RICHMOND, NSW, 2753 | 3 |
1 |
2 |
$799,000 |
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UNIT 1, 5 BOWMAN ST, RICHMOND, NSW, 2753 | 4 |
2 |
2 |
$1,000,000 |
Local Schools
Richmond West Primary School
Richmond Primary School
Yarra Primary School
Lynall Hall Community School
Melbourne Girls College
Trinity Catholic School
Melbourne Indigenous Transition School
Richmond High School
Abbotsford Primary School
Hawthorn West Primary School
(While the above schools are located with the suburb of Richmond there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
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 | 2.5 | 18.6 | 31.6 | 42.2 | 94.3 | 2.9 | 22.2 |
| Feb | 3.5 | 18.0 | 29.7 | 46.2 | 95.1 | 2.7 | 18.8 |
| Mar | 4.6 | 15.9 | 27 | 49.9 | 96.0 | 2.4 | 15.5 |
| Apr | 2.2 | 12.2 | 24.6 | 47.4 | 96.7 | 2.0 | 14.0 |
| May | 1.1 | 7.2 | 21.1 | 46.9 | 96.7 | 1.7 | 11.4 |
| Jun | 2.3 | 5.8 | 18.0 | 54.2 | 97 | 1.9 | 9.2 |
| Jul | 0.6 | 3.7 | 18.6 | 43.9 | 94.7 | 2.2 | 10.7 |
| Aug | 1.1 | 4.3 | 20.0 | 37.8 | 92.8 | 2.6 | 13.2 |
| Sept | 1.1 | 7.6 | 23.2 | 34.5 | 93.2 | 2.9 | 17.3 |
| Oct | 1.5 | 11.6 | 25.3 | 38.7 | 94.1 | 2.8 | 19.7 |
| Nov | 2.3 | 14.8 | 28.2 | 39.9 | 94.1 | 2.9 | 22.6 |
| Dec | 2.6 | 16.6 | 29.8 | 39.9 | 94.3 | 3 | 23.7 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 01-11-2024 | $420,000 | 11 / 147 MARCH ST |
| 31-10-2024 | $880,000 | 20 FAITHFULL ST |
| 30-10-2024 | $715,000 | 9 / 148 FRANCIS ST |
| 29-10-2024 | $1,400,000 | 10 EAST MARKET ST |
| 22-10-2024 | $1,060,000 | 34 TEVIOT ST |
| 17-10-2024 | $750,000 | 6 / 182 MARCH ST |
| 16-10-2024 | $902,000 | 4 ANDREW TOWN PL |
| 14-10-2024 | $1,130,000 | 3 WINDSOR ST |
| 08-10-2024 | $2,600,000 | 168 FRANCIS ST |
| 04-10-2024 | $880,000 | 91 WINDSOR ST |
| 03-10-2024 | $735,000 | 12 / 178 MARCH ST |
| 03-10-2024 | $475,000 | 18 / 8 BOSWORTH ST |
| 02-10-2024 | $909,500 | 10 STARLIGHT PL |
| 25-09-2024 | $675,000 | 65 JOHN TEBBUTT PL |
| 25-09-2024 | $867,825 | 84 DIGHT ST |
| 24-09-2024 | $600,000 | 4 / 4 TOXANA ST |
| 24-09-2024 | $882,000 | 51 MORAY ST |
| 19-09-2024 | $1,040,000 | 18 TEVIOT ST |
| 18-09-2024 | $785,000 | 2 / 13 MORAY ST |
| 13-09-2024 | $670,000 | 1 / 19 STRONG PL |
| 10-09-2024 | $410,000 | 9 / 104 WINDSOR ST |
| 05-09-2024 | $1,750,000 | 47 TEVIOT ST |
| 03-09-2024 | $470,000 | 6 / 8 TOXANA ST |
| 02-09-2024 | $652,000 | 1 / 182 MARCH ST |
| 02-09-2024 | $1,530,000 | 324 WINDSOR ST |
| 23-08-2024 | $693,000 | 4 / 148 WINDSOR ST |
| 19-08-2024 | $312,500 | 39 PAGET ST |
| 16-08-2024 | $770,000 | 1 / 43 LENNOX ST |
| 16-08-2024 | $330,000 | 18 / 20 PAGET ST |
| 16-08-2024 | $946,000 | 68 WILLIAM COX DR |
| 12-08-2024 | $1,420,000 | 9 / 40 BOWMAN ST |
| 02-08-2024 | $745,000 | 5 / 22 WEST MARKET ST |
| 30-07-2024 | $875,000 | 51 PITT ST |
| 26-07-2024 | $845,000 | 2 GRAND FLANEUR AVE |
| 24-07-2024 | $2,100,000 | 10 PAGET ST |
| 23-07-2024 | $845,000 | 73 PITT ST |
| 18-07-2024 | $790,000 | 15 JOHN TEBBUTT PL |
| 17-07-2024 | $35,000,000 | 271 WINDSOR ST |
| 17-07-2024 | $812,000 | 4 SEGENHOE PL |
| 12-07-2024 | $1,060,000 | 29 WILLIAM COX DR |
| 03-07-2024 | $950,000 | 53 DIGHT ST |
| 02-07-2024 | $615,000 | 4 / 140 FRANCIS ST |
| 02-07-2024 | $1,057,000 | 16 BOWMAN ST |
| 02-07-2024 | $410,000 | 17 / 147 MARCH ST |
| 27-06-2024 | $1,750,000 | 143 WINDSOR ST |
| 26-06-2024 | $800,000 | 1 / 22 WEST MARKET ST |
| 21-06-2024 | $730,000 | 1 / 4 JERSEY ST |
| 21-06-2024 | $795,000 | 8 LENNOX ST |
| 20-06-2024 | $1,035,000 | 48 WEST MARKET ST |
| 19-06-2024 | $1,255,000 | 65 DRIFT RD |
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Richmond - Greater then 10KM
Windsor - Greater then 10KM
Clarendon - Greater then 10KM
East Richmond - Greater then 10KM
Mulgrave - Greater then 10KM
Riverstone - Greater then 10KM
Vineyard - Greater then 10KM
Schofields - Greater then 10KM
General Points of Interest
North Richmond Heritage Plaza - Greater then 10KM
Indy 800 Kart Track - Greater then 10KM
Wilberforce District Memorial - Greater then 10KM
Dillwynia Correctional Centre - Greater then 10KM
Hawkesbury Race Club - Greater then 10KM
Butterfly Farm And Ski Garden - Greater then 10KM
The Australiana Pioneer Village - Greater then 10KM
Richmond Golf Club - Greater then 10KM
Pioneer Monument - Greater then 10KM
War Memorial - Greater then 10KM
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