VIC has seen average median house prices change by 9.04% which means that Richmond, 3121 has done well for property investors by showing a capital gain of 8.44% over the last year
While Richmond,3121 ranked number 620th in VIC for increase in median house value (annualised) increase, it is ranked 164th over the last 5 years.
The most recent median price for Richmond is $1220000, with sellers offering an average of -4.54% off the asking price.
Richmond, 3121’s gross rental yield is 2.77%
Property investors who have had real estate in Richmond, 3121 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.11%
Richmond,3121 has offered an average of -1.11% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.37% to buyers in Richmond at the moment, which is less than average for the rest of VIC.
Richmond is 191th on a list of best yielding suburbs for rents in VIC with a 4.07% return