Richmond 3121
Market analysis for investment properties in Richmond
Median Price
$1,375,000
Trend:Decelerating
-0.2%
Median Rent
$880/pw
Trend:Steady
+3.5%
Rental Yield
3.33%
Trend:Steady
+3.7%
Median DoM
25 Days
Trend:Decelerating
-5.8%
Market Analysis
Why investors are watching Richmond right now.
In Richmond, Victoria, shopping opportunities are abundant along Bridge Road, with a mix of well-known brands and local boutiques. The popular Victoria Gardens Shopping Centre also offers a range of shops and dining options.
Primary schools in the area include Richmond Primary School and St Ignatius School, both offering quality education options. For secondary education, Melbourne Girls College and Richmond High School are prominent choices known for their academic excellence.
Richmond is well-connected to the Melbourne CBD via various transport options. The suburb boasts easy access to trains from Richmond Station, multiple tram routes running along Swan Street and Bridge Road, as well as bus services, allowing for convenient commuting to the city center.
Surrounding green spaces provide residents with ample recreational opportunities. Citizens Park offers open fields and playgrounds, while Yarra Park is perfect for picnics and leisurely strolls. The nearby Yarra River also provides scenic walking and cycling paths for outdoor enthusiasts.
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Capital Growth
Historical Performance
Analyze long-term value appreciation, rental yield fluctuations, and median price trajectories.
Market Vitals
Market Dynamics
Deep-dive into transaction velocity, rental pressure, and supply pipeline indicators.
Unlock Market Vitals
See live suburb and LGA market signals.
The Ripple Effect
Explore Nearby Opportunities
Investors analyzing Richmond often compare these adjacent markets for better entry points or higher yields.
Strategy by LighthousePA
Where will Richmond be in 2026?
Data provides the foundation, but strategy secures the wealth. If you're seeking clarity on Richmond, let LighthousePA (Property Advisors) help you navigate the market and illuminate your next move.
- Wealth Planning
- Ownership Structuring
- Buyers Advocacy
- Property Negotiation
Investment Insights & FAQ
Frequently asked questions about the Richmond property market in 2026.
As of March 2026, the Richmond property market presents a stable investment landscape. Over the last 12 months, houses have seen an annual growth rate of -0.22% and units have grown by 0.87%. These figures reflect the evolving demand within Yarra, offering potential for long-term value preservation.
Based on the latest market snapshot, median property prices in Richmond range from $1,375,000 for houses to $580,000 for units. These values are calculated based on recent transaction data and current buyer activity across the Yarra region.
For investors targeting cash flow, houses rent for $880 /pw with a 3.33% yield, while units rent for $600 /pw with a 5.38% yield. This rental performance is a key indicator of strong tenant demand within the Richmond area.
Market Insights Last Updated: March 2026