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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 0.00% over the past year and changed -3.71% over 2 years.

The median rent in Richmond for houses is $820 per week and the median rental yield is 3.28%. Stock on the market for houses/townhouses has changed -3.13% compared to last year and the average time to sell a house/townhouse is 55 days.The median listing price for units is $520,000 and this has changed -4.59% over the past year. The average unit takes 85 days to sell and the median rent for a unit in Richmond is $575 per week, producing a rental yield of 5.75%.

Supply & Demand in Richmond, Yarra

1.51%

Current vacancy rate


257

Rental stock available


27,707

Population


47.32%

Rental population


1.39%

Current vacancy rate


800

Rental stock available


86,658

Population


45.73%

Rental population


0.93%

Current vacancy rate


28,886

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 $1,150,000 $520,000
Median price change - last quarter -6.82% -6.39% -2.35%
Median price change - 1 year 0.00% -4.17% -4.59%
Median price change - 2 years -3.71% -3.37% -0.96%
  House Townhouses Units
Median weekly rent $820 $880 $575
Median yield % 3.28% 3.97% 5.75%
Median rent change - 1 year 3.14% 1.14% 9.52%
  House Units
Previous month sales 29 37
Stock on market previous month 93 138
Stock variance vs. last year -3.13% -16.87%
Average days on market 55 85

Richmond investment property listings

Showing 2 of 2 investment properties found in Richmond on realestateinvestar.com.au

33 Bunting St, RICHMOND

$935,000

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House

VIC 3121


22 Stanley St, RICHMOND

$1,720,000

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VIC 3121


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