Richmond
Suburb profile, market snapshot and recent listings for Richmond, VIC 3121.
Median price
$645k
Median rent
$700/wk
Listings
12+
About Richmond
What it's like to live here
Market snapshot
Richmond property market
Headline figures for Unit · 2 bed.
Median sale
$645k
Median rent (pw)
$700
Days on market
29
Auction clearance
68%
Sold this year
208
Entry-level
$470k
Recent growth
2022
$660k
+0.0%
2023
$634k
-4.0%
2024
$650k
+2.6%
2025
$640k
-1.5%
2026
$645k
+0.8%
Explore the area
Properties & amenities in Richmond
Nearby suburbs
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Common questions
Richmond suburb FAQ
What is the median property price in Richmond?
The median unit price in Richmond, VIC is $645k for a 2-bedroom home. Over the past year, median sold prices have risen about 0.8%.
How much is rent in Richmond?
The median weekly rent in Richmond is around $700 per week.
Is Richmond a good place to live?
Richmond is an inner-city suburb in Melbourne, Victoria, Australia, 3 km (1.9 mi) east of the Melbourne central business district, located within the City of Yarra local government area.
How long do homes take to sell in Richmond?
Properties in Richmond take around 29 days to sell on average, with an auction clearance rate of about 68%.
How much do you need to buy in Richmond?
Entry-level properties in Richmond start around $470k, while premium homes reach $1m.
What suburbs are near Richmond?
Suburbs near Richmond include Cremorne, Abbotsford, Burnley, Fitzroy and East Melbourne.
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