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What's your home really worth?, Richmond
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Off-markethouse

What's your home really worth?

Richmond, VIC 3121, Australia
Approximate location shown. Contact agent for exact address.
2 bed152 m²

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Neighbourhood

Living in Richmond

This 2-bedroom house in Richmond, VIC 3121 sits within reach of public transport, local shops and nearby schools.

Schools near Richmond

  • St Kevin's College - Waterfordcombined
  • Richmond Primary Schoolprimary · Prep-6 · CoEd
  • Richmond West Primary Schoolprimary · Prep-6 · CoEd
  • Trinity Catholic Schoolprimary · Prep-6 · CoEd
  • Yarra Primary Schoolprimary · Prep-6 · CoEd
  • Bindjiroo Yaluk Community Schoolsecondary · 7-12 · CoEd

What's nearby

  • Stop 62: Highett Street (tram)526 m away
  • Prest Laundary1.1 km away
  • Dame Nellie Melba Memorial Park471 m away
  • Citizens Park485 m away
  • Unnamed649 m away

Richmond at a glance

Full suburb profile
Population
28,587
Median age
34
Household income
$2,245/wk
Median rent
$441/wk
Median mortgage
$2,292/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Richmond is experiencing moderate-to-strong urban renewal focused on transit-oriented mixed-use development around its railway station and intensification along commercial streets (Swan, Church, Victoria). Heritage building conversions and adaptive reuse are significant, complemented by public realm improvements and enhanced Yarra River connectivity. The suburb remains a priority for medium-density residential infill within Melbourne's inner urban consolidation strategy.

Nearby projects

6

Closest

0.3 km

Richmond Station Precinct Intensification

500m1km1.5km2kmRichmond Station Precinct Intensification — 0.3 kmSwan Street Mixed-Use Renewal — 0.5 kmVictoria Street Streetscape and Public Realm — 0.6 kmChurch Street Heritage Conversions — 0.8 kmBurnley Lane Residential Infill — 1.2 kmYarra River Parklands Access — 1.5 km

Distance from this property is exact (rings = km). Direction is illustrative.

Richmond Station Precinct Intensification

0.3 km
Mixed-useApproved

Transit-oriented development enabling increased residential density around the Burnley Line railway station.

2026

300 m

Swan Street Mixed-Use Renewal

0.5 km
Mixed-useUnder construction

Multi-level residential and retail development along the Swan Street commercial corridor with ground-floor activation.

2025

500 m

Victoria Street Streetscape and Public Realm

0.6 km
InfrastructureUnder construction

Public realm upgrade and pedestrian safety improvements on key retail and cultural precinct streets.

2025

600 m

Church Street Heritage Conversions

0.8 km
ResidentialUnder construction

Adaptive reuse of heritage-listed industrial and commercial buildings into apartments and serviced residences.

2024-2025

800 m

Burnley Lane Residential Infill

1.2 km
ResidentialProposed

Medium-density townhouse and apartment developments on industrial and underutilised sites near the Yarra corridor.

2026-2027

1.2 km

Yarra River Parklands Access

1.5 km
InfrastructureApproved

Improved pedestrian and cycle connections to the Yarra River and Burnley Park recreational precinct.

2025

1.5 km
Source: StMate AI — VIC development trends06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Richmond price trend

Median sold · House 2 bed

Compound growth -2.2% / yr over 4 yrs

$1.15mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Richmond market

Within 5km

Nearby Properties

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