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Investment Property Richmond, VIC, 3121

Suburb Snapshot

Richmond is a suburb in the Yarra Region of Victoria. Richmond has a population of 27,707 people and 47.32% of its occupants live in rental accommodation. The median listing price for houses is $1,300,000 and this has changed -6.48% over the past year and changed -7.15% over 2 years.

The median rent in Richmond for houses is $795 per week and the median rental yield is 3.18%. Stock on the market for houses/townhouses has changed 15.56% compared to last year and the average time to sell a house/townhouse is 63 days.The median listing price for units is $545,000 and this has changed 4.80% over the past year. The average unit takes 131 days to sell and the median rent for a unit in Richmond is $525 per week, producing a rental yield of 5.00%.

Supply & Demand in Richmond, Yarra

1.74%

Current vacancy rate


294

Rental stock available


27,707

Population


47.32%

Rental population


1.39%

Current vacancy rate


796

Rental stock available


86,658

Population


45.73%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Richmond, Yarra

  House Townhouses Units
Median listing price $1,300,000 $1,175,000 $545,000
Median price change - last quarter 0.77% 2.17% 0.46%
Median price change - 1 year -6.48% -2.09% 4.80%
Median price change - 2 years -7.15% -4.09% 0.92%
  House Townhouses Units
Median weekly rent $795 $860 $525
Median yield % 3.18% 3.80% 5.00%
Median rent change - 1 year 14.38% 10.96% 16.66%
  House Units
Previous month sales 30 15
Stock on market previous month 104 183
Stock variance vs. last year 15.56% 15.09%
Average days on market 63 131

Richmond investment property listings

Showing 5 of 196 investment properties found in Richmond on realestateinvestar.com.au

56 Parkville St, RICHMOND

$1,300,000

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VIC 3121


18 Cubitt St, RICHMOND

$1,800,000

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VIC 3121


77 Neptune St, RICHMOND

$1,100,000

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VIC 3121


82 Egan St, RICHMOND

$1,200,000

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VIC 3121


603/1 Railway Pl, Richmond

$660,000

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Two-bedroom Sanctuary among Vibrant Surrounds

Tucked away off Swan Street in the award-winning Green Edge building, this sixth-floor apartment delivers an idyllic inner-city lifestyle with its intelligent design and first-class features, as well as sweeping views capturing an abundance of natural light. The home's interior showcases 2 ...

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VIC 3121


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