Richmond, VIC 3121
Inner Melbourne · Melbourne
One of Melbourne's liveliest inner suburbs, mixing worker's cottages, warehouse apartments and the Swan Street retail spine. Proximity to the MCG and CBD underpins consistent demand from young professionals.
Houses
$1.48m
median value
- 1 yr growth
- +4.8%
- 5 yr growth
- +11.8%
- 10 yr growth
- +28.3%
- Median rent
- $750/wk
- Gross yield
- 2.6%
- Days on market
- 41
- Sales (12 mo)
- 21
- Clearance
- 75%
Units & apartments
$625k
median value
- 1 yr growth
- +3.3%
- 5 yr growth
- +8.7%
- 10 yr growth
- +23.0%
- Median rent
- $625/wk
- Gross yield
- 5.2%
- Days on market
- 26
- Sales (12 mo)
- 26
- Clearance
- 75%
Median value trend — 10 years
Suburb price index applied to today's median values.
Investor scores
Derived transparently from growth, yield and market-depth stats on this page (houses).
5-10 yr compound growth vs 6% p.a. benchmark
Gross rental yield vs 5% benchmark
Clearance, days-on-market and sales depth
Sales volume by year
Who lives here
- Population
- 28,587
- Median age
- 34
- Owner-occupied
- 43%
- Renting
- 55%
- Median household income
- $2,245/wk
- Median rent (Census)
- $441/wk
- Properties tracked
- 380
Source: ABS Census 2021 (CC BY 4.0).
Real median house price · Valuer-General Victoria
Latest quarterly median from actual Richmond house sales.
Median house price
$1,348,000
Year-on-year change
+1%
Annual sales
289
Source: Valuer-General Victoria via data.vic.gov.au (CC BY 4.0).
Recent sales in Richmond
| Address | Type | Beds | Sold | Price |
|---|---|---|---|---|
| 55 Somerset Street | House | 4 | 27 May 2026 | $1,769,000 |
| 125 Swan Street | House | 3 | 16 May 2026 | $1,073,500 |
| 7/79 Baker Street | Unit | 2 | 3 May 2026 | $751,000 |
| 2/157 Coppin Street | Townhouse | 3 | 1 May 2026 | $1,280,000 |
| 6/19 Somerset Street | Townhouse | 2 | 27 Apr 2026 | $1,184,000 |
| 48 Swan Street | House | 4 | 25 Apr 2026 | $1,592,000 |
| 136 Coppin Street | House | 3 | 17 Apr 2026 | $922,000 |
| 17/75 Docker Street | Unit | 1 | 15 Apr 2026 | $425,000 |
| 7/39 Coppin Street | Unit | 3 | 13 Apr 2026 | $1,083,000 |
| 16/175 Lennox Street | Unit | 2 | 11 Apr 2026 | $827,000 |
Currently listed in Richmond
58 Gardner Street
Richmond, VIC 3121
3 bed1 bath2 car577 m²
8/178 Somerset Street
Richmond, VIC 3121
3 bed2 bath0 car
6/157 Gardner Street
Richmond, VIC 3121
2 bed1 bath1 car
66 Coppin Street
Richmond, VIC 3121
3 bed1 bath2 car538 m²
35/102 Baker Street
Richmond, VIC 3121
2 bed2 bath0 car
127 Swan Street
Richmond, VIC 3121
5 bed2 bath0 car595 m²
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