Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
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 | 276 |
| 2010 | $850,000 | +12.8% | $299,000 | $2,860,000 | 332 |
| 2011 | $815,000 | -4.3% | $245,000 | $3,405,000 | 278 |
| 2012 | $801,000 | -1.7% | $215,000 | $3,510,000 | 326 |
| 2013 | $880,000 | +9.0% | $1 | $3,065,000 | 372 |
| 2014 | $955,000 | +7.9% | $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 | 230 |
| 2018 | $1,307,000 | +1.9% | $680,000 | $3,000,000 | 202 |
| 2019 | $1,270,000 | -2.9% | $687,500 | $3,220,000 | 192 |
| 2020 | $1,390,000 | +8.6% | $460,000 | $4,660,000 | 188 |
| 2021 | $1,490,000 | +6.7% | $818,000 | $7,435,000 | 328 |
| 2022 | $1,450,000 | -2.8% | $644,000 | $4,860,000 | 284 |
| 2023 | $1,415,000 | -2.5% | $740,000 | $5,148,000 | 250 |
| 2024 | $1,450,000 | +2.4% | $790,000 | $4,600,000 | 304 |
Median Sale Price
$1.42M
Based on 309 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
0.0%
Current Median Price: $1,420,000
Previous Median Price: $1,420,000
Based on 559 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
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 | $5,460 | 565 |
| 2017 | $660 | +1.5% | $320 | $3,000 | 553 |
| 2018 | $690 | +4.3% | $320 | $1,620 | 635 |
| 2019 | $675 | -2.2% | $280 | $2,800 | 644 |
| 2020 | $680 | +0.7% | $300 | $3,273 | 720 |
| 2021 | $680 | 0.0% | $275 | $2,200 | 675 |
| 2022 | $680 | 0.0% | $210 | $2,800 | 649 |
| 2023 | $775 | +12.3% | $360 | $4,780 | 506 |
| 2024 | $810 | +4.3% | $400 | $3,000 | 423 |
Median Rent Price
$810
per week
Based on 429 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+4.3%
Current Median Rent: $810
Previous Median Rent: $775
Based on 933 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $1,420,000
Current Median rent: $810
Based on 738 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Richmond
Houses sold in Last 12 months ends 21 Dec 2024
$1.38M
Median Sale Price
65%
Clearance Rate
167/257
Sold/Reported
$3.64M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 3 | |
| $2 M - $3 M | 7 | |
| $1.8 M - $2 M | 10 | |
| $1.6 M - $1.8 M | 6 | |
| $1.4 M - $1.6 M | 13 | |
| $1.2 M - $1.4 M (Median Price Range) | 22 | |
| $1 M - $1.2 M | 13 | |
| $800 K - $1 M | 7 | |
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 |