Auction Times
Sat 30 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 4 Lord Place 2 1 3 House | 11:00 AM Sat 30th Jan | Biggin & Scott |
 | 2 Duke Street 3 2 2 Townhouse | 11:00 AM Sat 30th Jan | Biggin & Scott |
 | 46 Lord Street 3 1 0 House | 11:00 AM Sat 30th Jan | Biggin & Scott |
Median Sale Price
House
$1.35M
Updated on Dec 2020
2 BR $1.18M | 3 BR $1.47M | 4 BR $1.86M |
Unit
$560K
Updated on Dec 2020
1 BR $408K | 2 BR $655K | 3 BR $1.12M |
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 | $1,352,000 | +6.8% | $840,000 | $3,900,000 | 183 |
| 2021 | $1,240,000 | -9.0% | $1,205,000 | $1,240,000 | 3 |
Median Sale Price
$1.35M
Based on 184 recorded sales within the last 12 months
Updated on 18 Jan 2021
Suburb Growth
+6.8%
Current Median Price: $1,352,000
Previous Median Price: $1,260,000
Based on 377 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$650
Updated on Dec 2020
2 BR $590 | 3 BR $755 | 4 BR $1,000 |
Unit
$450
Updated on Dec 2020
1 BR $380 | 2 BR $525 | 3 BR $820 | 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 | 635 |
| 2019 | $675 | -2.2% | $300 | $2,800 | 644 |
| 2020 | $680 | +0.7% | $300 | $3,273 | 698 |
| 2021 | - | - | - | - | - |
Median Rent Price
$680
per week
Based on 682 recorded rent within the last 12 months
Updated on 18 Jan 2021
Rent Price Growth
0.0%
Current Median Rent: $680
Previous Median Rent: $680
Based on 1318 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.6%
Current Median Price: $1,352,000
Current Median rent: $680
Based on 866 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Richmond
Houses sold in Last 12 months ends 16 Jan 2021
$1.27M
Median Sale Price
84%
Clearance Rate
69/83
Sold/Reported
$2.7M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 3 | |
| $1.8 M - $2 M | 4 | |
| $1.6 M - $1.8 M | 3 | |
| $1.4 M - $1.6 M | 7 | |
| $1.2 M - $1.4 M (Median Price Range) | 11 | |
| $1 M - $1.2 M | 11 | |
| $800 K - $1 M | 5 | |
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 |