Richmond VIC 3121

Here you can find what you need to know about Richmond, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.3m Median Sale Price (National Average $485k) 81st In VIC
6.10% Median Price Change (1 yr) (National Average 4.30%) 430th In VIC
$660pw Median Rent (National Average $395) 41st In VIC
2.6% Median Gross Yield (National Average 4.24%) 425th In VIC
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Properties sold 254
Average discounting -6.62%
Average Days on Market 59
Stock on Market 52 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Richmond, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Richmond, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Richmond, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Richmond


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Latest Auction Results for Richmond as at 11 November 2018

Property Details
Sale Price
4Bed / 1Bath / Car / House
$1,300,000
1Bed / 1Bath / Car / Unit
Passed In
2Bed / 1Bath / Car / House
-
2Bed / 2Bath / Car / House
-
2Bed / 1Bath / Car / House
$920,000
3Bed / 1Bath / Car / House
Passed In

State Auction Clearance Rates - November 2018

Auctions Clearance rate
VIC 1,127 46%
ACT 108 40%
NSW 844 42%
NT 12 27%
QLD 139 34%
SA 123 46%
TAS 3 67%
WA 42 21%

Local Schools


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Suburb Information

Richmond, VIC 3121

Part of: Yarra Council No data available

The size of Richmond is approximately 4.4 square kilometres. It has 9 parks covering nearly 2.6% of total area. The population of Richmond in 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Richmond

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Richmond   for Houses in last 12 months


There have been 254 Houses sold in Richmond in the past 12 months with a median sale price of $1.3M, up 6.1% annually. It takes on average 59 days to sell with vendor discounting of -6.62%.

Streets in Richmond


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Abbotsford VIC, 3067 -4.96% $1,245,000 $620pw 2.6% View Suburb Profile
Banksia NSW, 2216 2.12% $1,205,000 $600pw 2.6% View Suburb Profile
Melbourne VIC, 3000 Unavailable $1,000,000 $600pw 3.1% View Suburb Profile
Kirrawee NSW, 2232 -2.07% $1,185,000 $700pw 3.1% View Suburb Profile