Median Sale Price
House
$1.31M
Updated on Aug 2020
2 BR $1.18M | 3 BR $1.36M | 4 BR $1.83M |
Unit
$590K
Updated on Aug 2020
1 BR $405K | 2 BR $653K | 3 BR $1.18M |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $741,000 | 0.0% | $415,000 | $2,155,000 | 275 |
| 2010 | $842,500 | +12.0% | $299,000 | $2,860,000 | 332 |
| 2011 | $815,000 | -3.4% | $245,000 | $3,405,000 | 278 |
| 2012 | $801,000 | -1.7% | $215,000 | $3,510,000 | 326 |
| 2013 | $877,000 | +8.7% | $1 | $3,065,000 | 372 |
| 2014 | $955,000 | +8.2% | $297,500 | $4,070,000 | 312 |
| 2015 | $1,120,000 | +14.7% | $327,500 | $4,320,000 | 284 |
| 2016 | $1,220,000 | +8.2% | $535,000 | $28,570,000 | 249 |
| 2017 | $1,282,500 | +4.9% | $740,000 | $3,400,000 | 229 |
| 2018 | $1,305,000 | +1.7% | $680,000 | $3,000,000 | 202 |
| 2019 | $1,260,000 | -3.6% | $687,500 | $3,220,000 | 192 |
| 2020 | $1,257,500 | -0.2% | $840,000 | $3,405,000 | 99 |
Median Sale Price
$1.3M
Based on 163 recorded sales within the last 12 months
Updated on 29 Sep 2020
Suburb Growth
+5.8%
Current Median Price: $1,300,000
Previous Median Price: $1,225,000
Based on 348 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$670
Updated on Aug 2020
2 BR $600 | 3 BR $775 | 4 BR $1,000 |
Unit
$470
Updated on Aug 2020
1 BR $400 | 2 BR $550 | 3 BR $850 | 4 BR $795 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $560 | 0.0% | $180 | $2,500 | 381 |
| 2012 | $575 | +2.6% | $160 | $2,254 | 425 |
| 2013 | $580 | +0.9% | $165 | $1,150 | 509 |
| 2014 | $600 | +3.3% | $200 | $1,595 | 348 |
| 2015 | $620 | +3.2% | $300 | $48,000 | 651 |
| 2016 | $650 | +4.6% | $290 | $1,850 | 565 |
| 2017 | $660 | +1.5% | $320 | $3,000 | 551 |
| 2018 | $690 | +4.3% | $320 | $1,620 | 634 |
| 2019 | $680 | -1.5% | $300 | $2,800 | 644 |
| 2020 | $695 | +2.2% | $300 | $3,273 | 464 |
Median Rent Price
$690
per week
Based on 622 recorded rent within the last 12 months
Updated on 29 Sep 2020
Rent Price Growth
+0.7%
Current Median Rent: $690
Previous Median Rent: $685
Based on 1272 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,300,000
Current Median rent: $690
Based on 785 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)
Auction Results For Richmond
Houses sold in Last 12 months ends 26 Sep 2020
$1.27M
Median Sale Price
73%
Clearance Rate
73/100
Sold/Reported
$3.22M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 1 | |
| $2 M - $3 M | 5 | |
| $1.8 M - $2 M | 2 | |
| $1.6 M - $1.8 M | 5 | |
| $1.4 M - $1.6 M | 4 | |
| $1.2 M - $1.4 M (Median Price Range) | 18 | |
| $1 M - $1.2 M | 11 | |
| $800 K - $1 M | 6 | |
Similar Suburbs to Richmond 3121
Based on median house sale price sold in last 12 months
Schools closest to Richmond, VIC 3121
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Lynall Hall Community School | CNR GLEADELL & HIGHETT STREETRichmond 3121 | Secondary | Government | 0.23 km |
| Yarra Primary School | DAVISON STREETRichmond 3121 | Primary | Government | 0.64 km |
| Richmond West Primary School | 25 LENNOX STREETRichmond 3121 | Primary | Government | 0.72 km |
| Trinity Catholic School | 57 DAVISON STREETRichmond 3121 | Primary | Catholic | 0.72 km |
| Abbotsford Primary School | LITHGOW STREETAbbotsford 3067 | Primary | Government | 1 km |
| Richmond Primary School | 85 BRIGHTON STREETRichmond 3121 | Primary | Government | 1.25 km |
| Melbourne Girls CollegeTop 50 | YARRA BOULEVARDRichmond 3121 | Secondary | Government | 1.23 km |
| Sophia Mundi Steiner School | 1 ST HELIERS STREETAbbotsford 3067 | Combined | Independent | 1.74 km |
| Hawthorn West Primary School | CNR WOOD STREET & BURWOOD ROADHawthorn 3122 | Primary | Government | 1.51 km |
| Melbourne High SchoolTop 5 | FORREST HILLSouth Yarra 3141 | Secondary | Government | 1.93 km |