Suburb Location
Market Indexes of Richmond
- $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
Demographics of Richmond
Dwelling Structure
| Separate house | 2950 |
|---|---|
| Semi-detached | 2934 |
| Unit/apartment | 4377 |
| Other | 48 |
Occupied/unoccupied
| Occupied | 10318 |
|---|---|
| Unoccupied | 1129 |
Persons
| Males | 11577 |
|---|---|
| Females | 12237 |
Tenure and Landlord Type
| Owned outright | 2018 |
|---|---|
| Owned with a mortgage | 2436 |
| Rented | 4350 |
| Public housing | 1205 |
| Other | 309 |
Medians and Averages
| Median total household income | 1697 $/week |
|---|---|
| Median mortgage repayment | 2383 $/month |
| Median rent | 369 $/week |
| Average household size | 2.1 |
| Persons | 23814 |
| Total private dwellings | 11447 |
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 |
More Properties Sold in Richmond
| Address | Sold Date | Price | |
|---|---|---|---|
| 222 Lennox Street, Richmond VIC | 4 4 2 | 27 Apr 2024 | $0 |
| 54A Buckingham Street, Richmond VIC | 3 2 1 | 27 Apr 2024 | $0 |
| 11/31 York Street, Richmond VIC | 2 1 2 | 27 Apr 2024 | $0 |
| 3/7 Sanders Place, Richmond VIC | 3 2 2 | 25 Apr 2024 | $0 |
| 2/39 Appleton Street, Richmond VIC | 2 1 1 | 24 Apr 2024 | $600,000 |
More Properties Rent in Richmond
| Address | Rent Date | Price | |
|---|---|---|---|
| 12/100 Rowena Parade, Richmond VIC | 1 1 1 | 29 Mar 2024 | $470 |
| 608/39 Appleton Street, Richmond VIC | 1 1 1 | 29 Mar 2024 | $550 |
| 513/14 David Street, Richmond VIC | 2 2 1 | 29 Mar 2024 | $750 |
| 601/115 Church Street, Richmond VIC | 2 2 1 | 28 Mar 2024 | $670 |
| 307/37-39 Bosisto Street, Richmond VIC | 1 1 1 | 28 Mar 2024 | $480 |
Rent Yield in Richmond
| Beds | Average Price | Average Rent | Average Rent Yield% | Median Price | Median Rent | Median Rent Yield% | Listings |
|---|---|---|---|---|---|---|---|
| ALL | |||||||
| 1 | $391,495 | $477 | 6.34% | $377,500 | $475 | 6.54% | 388 |
| 2 | $683,730 | $693 | 5.27% | $670,000 | $695 | 5.39% | 487 |
| 3 | $1,125,098 | $1,033 | 4.77% | $1,300,000 | $1,000 | 4.00% | 225 |
| 4 | $1,744,131 | $1,750 | 5.22% | $1,850,000 | $1,548 | 4.35% | 41 |
| 5 | $1,800,000 | $1,549 | 4.47% | $1,800,000 | $1,550 | 4.48% | 5 |
| House | |||||||
| 2 | $559,723 | $746 | 6.93% | $450,001 | $750 | 8.67% | 52 |
| 3 | $913,334 | $991 | 5.64% | $1,100,000 | $923 | 4.36% | 50 |
| 4 | $1,150,001 | $1,299 | 5.87% | $1,700,000 | $1,298 | 3.97% | 7 |
| 5 | $1,800,000 | $1,498 | 4.33% | $1,800,000 | $1,498 | 4.33% | 3 |
| Unit/apmt | |||||||
| 1 | $375,011 | $462 | 6.41% | $375,000 | $450 | 6.24% | 149 |
| 2 | $587,791 | $638 | 5.64% | $595,000 | $650 | 5.68% | 118 |
| 3 | $1 | $968 | 5033600.00% | $1 | $973 | 5059600.00% | 10 |
| Townhouse | |||||||
| 2 | $727,500 | $790 | 5.65% | $837,500 | $795 | 4.94% | 19 |
| 3 | $675,001 | $1,056 | 8.14% | $675,001 | $1,000 | 7.70% | 12 |
| Apartment | |||||||
| 1 | - | $490 | - | - | $490 | - | 1 |
| 2 | - | $580 | - | - | $580 | - | 1 |
| Other | |||||||
| 1 | - | $444 | - | - | $475 | - | 5 |
| 2 | $549,000 | $593 | 5.62% | $549,000 | $593 | 5.62% | 3 |
| 3 | - | $950 | - | - | $950 | - | 1 |
| Unknown | |||||||
| 1 | $402,400 | $488 | 6.31% | $380,000 | $485 | 6.64% | 233 |
| 2 | $740,363 | $700 | 4.92% | $747,500 | $700 | 4.87% | 294 |
| 3 | $1,241,134 | $1,052 | 4.41% | $1,350,000 | $1,000 | 3.85% | 152 |
| 4 | $1,833,250 | $1,879 | 5.33% | $1,950,000 | $1,650 | 4.40% | 34 |
| 5 | - | $1,600 | - | - | $1,600 | - | 2 |
Schools in Richmond
| School Name | School Sector | School Type |
|---|---|---|
| Lynall Hall Community School | Non-government | Secondary |
| Melbourne Girls' College | Non-government | Secondary |
| Richmond Primary School | Non-government | Primary |
| Richmond West Primary School | Non-government | Primary |
| Yarra Primary School | Non-government | Primary |
Based on Australian Bureau of Statistics data
