Richmond, VIC 3121

Property data updated 28,587 residents
Last 12 months snapshot
962 sales · 1,845 leases · Refreshed July 2026

Richmond property market

Richmond is led by unit rentals, with 1,315 leases (down 9.7%) at $605 a week (flat) as of July 2026, renting out in about 16 days (down from 20 days last year), one of the country's most in-demand unit rental markets, with 1-bedroom and 2-bedroom about even at around 50% each.

Unit sales are next, with 625 sales (up 13.2%) at around $550k (down 4.5%), taking about 24 days to sell (up from 23 days last year), with around half being 2-bedroom. Followed by 530 house rentals at $905 a week (up 5.8%), one of the most sought-after house rental markets in the country. 337 house sales at around $1.351M.

House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.

Census · ABS 2021

Richmond demographics & population

Population
28,587
Median age
34yrs
Avg household
2.0people
Male · Female
49% · 51%
Owner-occupied
Renting
Lone person
Couples, no kids
Born overseas
Year 12+

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

The full Richmond report

Unlock the full report

Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.

InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby

One-off

This report

$49once
  • The complete Richmond report
  • 30 days of live access
  • Download as a PDF
  • Months of supply needs the add-on
Best valueMembership

Full access

from$149/mo
  • Unlimited suburb reports
  • Near real-time + 5-year data
  • 50+ dual-metric map views
  • Demand cycle + market velocity
View plans

Already a member? Sign in



Property market