Suburb Profile
More Recent Sold in Richmond
| Address | Sold Date | Price |
|---|---|---|
| 83 Egan Street, Richmond VIC | Dec 2023 | $990,000 |
| 41 Bendigo Street, Richmond VIC | Dec 2023 | $1,680,000 |
| 3 Allans Place, Richmond VIC | Dec 2023 | $1,150,000 |
| 14/17-19 Lambert Street, Richmond VIC | Dec 2023 | $317,000 |
| 501/11 David Street, Richmond VIC | Nov 2023 | $1,215,000 |
More Recent Rent in Richmond
| Address | Rent Date | Price(per week) |
|---|---|---|
| 405/14 David Street, Richmond VIC | Nov 2023 | $580 |
| 2/7 Jika Place, Richmond VIC | Nov 2023 | $680 |
| 20/24 Tanner Street, Richmond VIC | Nov 2023 | $750 |
| 1/11 Sherwood St, Richmond VIC | Nov 2023 | $550 |
| 501/8-10 New St, Richmond VIC | Nov 2023 | $1,500 |
Rent Yield in Richmond
| Beds | Average Price | Average Rent | Average Rent Yield% | Median Price | Median Rent | Median Rent Yield% | Listings |
|---|---|---|---|---|---|---|---|
| ALL | |||||||
| 1 | $387,742 | $462 | 6.20% | $380,000 | $465 | 6.36% | 382 |
| 2 | $680,287 | $662 | 5.06% | $700,000 | $650 | 4.83% | 584 |
| 3 | $861,649 | $982 | 5.93% | $1,050,000 | $900 | 4.46% | 256 |
| 4 | $1,500,000 | $1,516 | 5.26% | $1,500,000 | $1,225 | 4.25% | 24 |
| 5 | $1,545,002 | - | - | $1,400,002 | - | - | 4 |
| 6 | - | $1,900 | - | - | $1,900 | - | 1 |
| 9 | $1 | - | - | $1 | - | - | 1 |
| House | |||||||
| 1 | - | $420 | - | - | $420 | - | 2 |
| 2 | $1,061,667 | $716 | 3.51% | $1,050,000 | $700 | 3.47% | 36 |
| 3 | $1,396,364 | $997 | 3.71% | $1,400,000 | $900 | 3.34% | 39 |
| 4 | $1,800,000 | $1,050 | 3.03% | $1,800,000 | $1,100 | 3.18% | 4 |
| 5 | $3,380,000 | - | - | $3,380,000 | - | - | 1 |
| 6 | - | $1,900 | - | - | $1,900 | - | 1 |
| Unit/apmt | |||||||
| 1 | $368,379 | $440 | 6.21% | $370,000 | $435 | 6.11% | 130 |
| 2 | $657,375 | $605 | 4.79% | $650,000 | $580 | 4.64% | 115 |
| 3 | $895,000 | $854 | 4.96% | $895,000 | $850 | 4.94% | 9 |
| Townhouse | |||||||
| 1 | - | $580 | - | - | $580 | - | 1 |
| 2 | $811,250 | $735 | 4.71% | $797,500 | $700 | 4.56% | 17 |
| 3 | $1,355,000 | $1,059 | 4.06% | $1,370,000 | $1,000 | 3.80% | 11 |
| 4 | - | $925 | - | - | $925 | - | 2 |
| Apartment | |||||||
| 1 | - | $490 | - | - | $490 | - | 1 |
| Other | |||||||
| 1 | $409,500 | $477 | 6.06% | $409,500 | $450 | 5.71% | 23 |
| 2 | $512,000 | $668 | 6.78% | $512,000 | $663 | 6.73% | 32 |
| 3 | $1,050,000 | $994 | 4.92% | $1,050,000 | $925 | 4.58% | 16 |
| 4 | - | $1,858 | - | - | $1,850 | - | 4 |
| Unknown | |||||||
| 1 | $397,047 | $473 | 6.19% | $390,000 | $475 | 6.33% | 225 |
| 2 | $658,746 | $671 | 5.30% | $700,000 | $665 | 4.94% | 384 |
| 3 | $751,001 | $980 | 6.79% | $860,000 | $900 | 5.44% | 181 |
| 4 | $1,440,000 | $1,650 | 5.96% | $1,200,000 | $1,800 | 7.80% | 14 |
| 5 | $933,335 | - | - | $4 | - | - | 3 |
| 9 | $1 | - | - | $1 | - | - | 1 |
Schools in Richmond
| School Name | School Sector | School Type |
|---|---|---|
| Kamaruka | ||
| Lynall Hall Community School | Government | Secondary |
| Lynall Hall Community School Richmond Campus | ||
| Melbourne Girls College | Government | Secondary |
| Richmond Primary School | Government | Primary |
| Richmond West Primary School | Government | Primary |
| St Kevin's College Waterford | ||
| Yarra Primary School | Government | Primary |
Crime Rate of Yarra
| Crime Type | Rate of YARRA | Rate of VIC |
| Crime Against Property | 9,255 | 4,607 |
| Crime Against the Person | 1,383 | 940 |
| Drug Offences | 1,023 | 311 |
| Other Crime | 1,144 | 875 |
| Total | 12,805 | 6,733 |
Demographics of Richmond
| PopulationSize | Richmond | Melbourne |
| All People | 24112 | 3366613 |
| Country of Origin | Richmond | Melbourne |
| Australian Born | 65% | 65% |
| Born Overseas - Top 5 | Richmond | Melbourne |
| Viet Nam | 7% | 2% |
| Greece | 4% | 2% |
| United Kingdom | 4% | 5% |
| New Zealand | 2% | 1% |
| China | 2% | 1% |
| Median household income | Richmond | Melbourne |
| Weekly income | $1,731 | $1,333 |
| Age Statistics | Richmond | Melbourne |
| 20 to 39 | 48% | 33% |
| 40 to 59 | 22% | 28% |
| 60+ | 14% | 17% |
| 5 to 19 | 11% | 14% |
| 0 to 4 | 5% | 7% |
| Family Statistics - Top 5 | Richmond | Melbourne |
| Never Married | 51% | 33% |
| Married | 33% | 51% |
| Divorced | 8% | 7% |
| Widowed | 5% | 6% |
| Separated | 3% | 3% |
| Religion - Top 5 | Richmond | Melbourne |
| Catholic | 27% | 33% |
| No Religion | 26% | 19% |
| Anglican | 13% | 16% |
| Buddhism | 11% | 4% |
| Orthodox | 10% | 7% |
| Occupation - Top 5 | Richmond | Melbourne |
| Professionals | 13% | 8% |
| Intermediate Clerical/Sales/Service | 7% | 7% |
| Associate Professional | 6% | 5% |
| Managers and Administrators | 4% | 4% |
| Elementary Clerical/Sales/Service | 4% | 4% |
| Education - Top 5 | Richmond | Melbourne |
| Not Attending (Working) | 78% | 73% |
| University or other Tertiary Institution | 9% | 5% |
| Infants/Primary | 4% | 9% |
| Secondary Education | 3% | 7% |
| Technical or Further Education | 3% | 3% |
| Transport to Work - Top 5 | Richmond | Melbourne |
| Car (driver) | 21% | 28% |
| Ferry/tram | 5% | 1% |
| Walked | 5% | 1% |
| Train Only | 4% | 2% |
| Car (passenger) | 2% | 3% |
| Type of Dwelling - Top 3 | Richmond | Melbourne |
| Flat | 36% | 14% |
| Separate house | 29% | 74% |
| Semi/Terrace | 29% | 8% |
| Nature of Occupancy - Top 3 | Richmond | Melbourne |
| Rented | 49% | 24% |
| Fully Owned | 25% | 43% |
| Purchasing | 18% | 27% |
| Monthly Loan Repayment - Top 5 | Richmond | Melbourne |
| $800-$999 | 20% | 19% |
| $1,500+ | 18% | 9% |
| $600-$799 | 18% | 21% |
Supply Demand History in Richmond
| Month | Supply | Demand |
|---|---|---|
| 2015 Apr | 216 | 19709 |
| 2015 May | 224 | 18551 |
| 2015 Jun | 217 | 16133 |
| 2015 Jul | 198 | 16488 |
| 2015 Aug | 226 | 20012 |
| 2015 Sep | 217 | 15567 |
| 2015 Oct | 220 | 14393 |
| 2015 Nov | 270 | 15472 |
| 2015 Dec | 233 | 9503 |
| 2016 Jan | 233 | 13301 |
| 2016 Feb | 273 | 18223 |
| 2016 Mar | 259 | 14297 |
| 2016 Apr | 268 | 16003 |
Based on Australian Bureau of Statistics data
Richmond, VIC 3121
(3.22 km to CBD)
- Median House Price: $1,452,500
- Median Unit Price: $627,500
Surrounding Suburbs
Closest Train Station
East Richmond Station
0.88 kmSelected Demographics of Richmond
- 8996 Number of House
- 11887 Number of Unit
- 24112 Number of People
- 33 Median Age
- 2.1 Median Household Size
- $369 Weekly Rent
- $905 Weekly Individual Income
- $2,158 Weekly Family Income
- $1,697 Weekly Household Income
- $1,452,500 Median Asking Price
- $675 Median Rent
- 0.02% Rent Yield
- 329 Stock On Sale
- 2.17% Vacancy Rate
- 262 Average Supply
- 14866 Average Demand
- 56.81 Supply Demand Ratio
Leading Agencies (Sale)
Biggin & Scott - Richmond 33%
Hocking Stuart - (Richmond) Pty Ltd 16%
Jellis Craig Bennison Mackinnon - RICHMOND 15%
Fletchers - South Melbourne & City Residential 2%
Melbourne Real Estate - South Yarra 2%
RT Edgar - Toorak 1%
Little Residential - HAWTHORN 1%
Hocking Stuart - Ballarat 1%
Nelson Alexander Real Estate - Fitzroy 1%
Jellis Craig Bennison Mackinnon - Armadale 1%
Leading Agents (Rent)
| Agent Name | Percentage |
|---|---|
| Biggin & Scott - Richmond | 21% |
| Hocking Stuart - (Richmond) Pty Ltd | 17% |
| RUN Property - Hawthorn/Richmond | 7% |
| Jellis Craig - Richmond | 4% |
| Little Residential | 3% |
| Melbourne Real Estate - South Yarra | 2% |
| Leasing Melbourne - Melbourne | 2% |
| Look Property Group - SOUTH YARRA | 2% |
| Carroll McKeddie - South Yarra | 2% |
| Dingle Partners - Melbourne | 1% |
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