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Richmond (VIC 3121): property prices & suburb profile
Yarra LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Richmond · VIC 3121 · typical house price · 12 months to 2025-Q4
$1,402,000+45.2%
vs 10 years ago (rolling year)
Sales-weighted average of the 4 quarterly medians to 2025-Q4 (275 sales) published by the Victorian Valuer-General. A single quarter in one suburb can turn on a handful of sales, so this page reports a rolling year.
Typical house price
$1,402,000
275 sales over 4 quarters
Typical unit price
$586,000
12 months to 2025-Q4, 588 sales
Sales in the last year
863
houses + units
SEIFA advantage decile
10 of 10
Richmond
Schools in the suburb
9
ACARA registered
Richmond property prices
The typical Richmond house sold for around $1,402,000 in the year to 2025-Q4, +45.2% over 10 years and +10.7% over 5 years.
1Y
3Y
5Y
10Y
Houses
+0.7%
-6.4%
+10.7%
+45.2%
Units
+5.4%
-11.6%
-1.5%
+5.6%
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $900,000 | $556,000 |
| 2014 | $961,000 | $540,000 |
| 2015 | $1,150,000 | $551,000 |
| 2016 | $1,265,000 | $550,000 |
| 2017 | $1,304,000 | $585,000 |
| 2018 | $1,311,000 | $599,000 |
| 2019 | $1,260,000 | $579,000 |
| 2020 | $1,365,000 | $575,500 |
| 2021 | $1,490,000 | $645,000 |
| 2022 | $1,422,500 | $595,500 |
| 2023 | $1,400,000 | $595,500 |
| 2024 | $1,395,000 | $570,500 |
| Apr 2024 | $1,360,000 | $597,000 |
| July 2024 | $1,462,000 | $540,000 |
| Oct 2024 | $1,335,000 | $572,500 |
| 2025 | $1,400,500 | $550,000 |
| Apr 2025 | $1,501,500 | $566,300 |
| July 2025 | $1,380,000 | $632,500 |
| Oct 2025 | $1,348,000 | $582,500 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Richmond medians by quarter
The most recent quarter on record for Richmond is 2025-Q4.
Richmond medians by quarter
| Quarter | Type | Median | Sales |
|---|---|---|---|
| 2025-Q4 | Unit | $583k | 158 |
| 2025-Q4 | House | $1.35M | 96 |
| 2025-Q3 | Unit | $633k | 163 |
| 2025-Q3 | House | $1.38M | 70 |
| 2025-Q2 | Unit | $566k | 152 |
| 2025-Q2 | House | $1.50M | 67 |
| 2025-Q1 | Unit | $550k | 115 |
| 2025-Q1 | House | $1.40M | 42 |
| 2024-Q4 | Unit | $573k | 142 |
| 2024-Q4 | House | $1.33M | 83 |
| 2024-Q3 | Unit | $540k | 144 |
| 2024-Q3 | House | $1.46M | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Richmond
Richmond has a median age of 34 and a median household income of $2,245 a week.
Population (Richmond)
28,587
Median age (Richmond)
34 years
Median household income (Richmond)
$2,245/wk
People per square kilometre
6,452
Average taxable income (postcode, 2023)
$106,444
SEIFA advantage decile (Richmond)
10 of 10
Addresses in the suburb (G-NAF)
25,001
Rooftop solar installs, 12 months (postcode)
79
How Richmond homes are held
Owned outright
18.8% · 2,501
Owned with a mortgage
24.2% · 3,224
Rented
54.7% · 7,280
Richmond homes by bedroom count
1 bedroom or studio
23.1% · 3,041
2 bedrooms
44.3% · 5,831
3 bedrooms
26.3% · 3,463
4 bedrooms
5.4% · 707
5 or more
0.9% · 121
ABS SEIFA 2021 deciles · 10 of 10 = most advantaged nationally
Advantage and disadvantage (IRSAD)
from income, education, occupation and housing
10 of 10
Relative disadvantage (IRSD)
from low income, low education and unskilled occupations
7 of 10
Economic resources (IER)
from household income, wealth and housing costs
2 of 10
Education and occupation (IEO)
from qualifications and skilled work
10 of 10
- Figures labelled Richmond are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Richmond (South) - Cremorne" and postcode 3121 both extend beyond Richmond.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Schools in Richmond
The 7 schools in Richmond sit at the 77th percentile nationally on ACARA's socio-educational index.
Schools located in Richmond
| School | Sector | Type | ICSEA |
|---|---|---|---|
| Bindjiroo Yaluk Community School | Government | Secondary | 1,021 |
| Ignatius Learning Centre | Catholic | Secondary | — |
| Melbourne Girls College | Government | Secondary | 1,142 |
| Melbourne Indigenous Transition School | Independent | Special | 761 |
| Richmond High School | Government | Secondary | 1,049 |
| Richmond Primary School | Government | Primary | 1,150 |
| Richmond West Primary School | Government | Primary | 1,075 |
| Trinity Catholic School | Catholic | Primary | 1,065 |
| Yarra Primary School | Government | Primary | 1,134 |
Median school percentile nationally · ICSEA score
Richmond · 7 schools
77th · 1075
Yarra LGA
94th · 1142
VIC
60th · 1030
Australia
51st · 1008
- ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
- Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
- Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.
Suburbs near Richmond
Richmond's typical house price of $1,402,000 is the lowest of the 3 Melbourne Inner suburbs we cover.
Richmond: common questions
- How much does a house cost in Richmond?
- About $1,402,000 across the 12 months to 2025-Q4, from 275 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Richmond prices gone up?
- Prices have risen 45.2% over 10 years and moved +10.7% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Richmond?
- The typical unit price was around $586,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 588 sales.
- Can I see Richmond prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
- Which schools are in Richmond?
- Richmond has 9 ACARA-registered schools, including Bindjiroo Yaluk Community School, Ignatius Learning Centre, Melbourne Girls College, Melbourne Indigenous Transition School, Richmond High School, Richmond Primary School.
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Data sources
- [1]
- [2]
- [3]
- [4]
- [5]
- [6]
This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.