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Richmond Suburb Insights
VICLocation Information
Suburb Name
Richmond, VIC
Distance from CBD
4.2 kmDemographics
Population
5,482
Median Income
$32,812
Area Information
Area
26.81 km²
Population Density
204 people/km²
Property Market
Median Price
$849,679
Annual Growth
+6.8%Property Price Trend Analysis
Current Median Price
$849,679
Annual Growth
+6.8%
Quarterly Growth
+3.8%
Price Trends - Last 6 Months
2024-01
$553,731
+10.8%2024-02
$1,010,298
+12.8%2024-03
$805,601
+5.5%2024-04
$962,605
+9.2%2024-05
$642,608
+13.2%2024-06
$1,190,451
+17.7%Property Type Price Analysis
House
Median Price
$1,680,173
Growth Rate
+13.6%Available Listings
496 properties
Apartment
Median Price
$451,995
Growth Rate
+12.1%Available Listings
425 properties
Townhouse
Median Price
$497,485
Growth Rate
+12.5%Available Listings
108 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy