Richmond

Richmond

VIC 3121
Richmond is an inner-city suburb located 3 km east of the Melbourne central business district in the City of Yarra local government area. With a population of 28,587 at the 2021 census, Richmond is home to a diverse community. The suburb has undergone significant development since the early 1990s and now features a mix of converted warehouse residences, public housing, and Victorian-era terrace houses. Richmond is known for its lively retail sector, including popular factory outlets along Bridge Road and the vibrant Little Saigon area along Victoria Street. The suburb boasts several landmarks, including the Richmond Town Hall, Victoria Gardens Shopping Centre, and the Burnley Theatre. It also offers a range of recreational spaces, such as Burnley Park and Citizens Park. Sports enthusiasts can cheer for the Richmond Football Club, an Australian rules football team. Richmond benefits from excellent public transport connections, including five railway stations, seven tram routes, and a bus route. The Richmond railway station serves as an interchange for all metropolitan passenger trains to the eastern and south-eastern suburbs. Health services in the area include the Epworth Hospital and The Melbourne Clinic.
AREA
4.4307 km2
POPULATION
28,587
OWNER OCCUPIED %
43%
LARGEST AGE GROUP
30-40
MEDIAN MONTHLY MORTGAGE
$2,292
MEDIAN WEEKLY RENT
$675

Richmond Market Trends & Statistics

Recent Median Prices
Previous quarter
Houses
-12.71%
$1,405,000
Units
-1.39%
$655,750
Housing Stock Breakdown
Suburb market composition
22,305
Properties
33.26% Houses (7,419)
66.74% Units (14,886)

Rental properties in Richmond

Slash Pattern

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