Property value increases in Richmond have tracked close to the VIC average of 8.23% over the last 12 months.
Across a shorter period, Richmond, 3121 has seen a median price increase of 0.00% over the last quarter.
Property buyers and investors in Richmond 3121 should be seeing an average reduction in asking price of around -3.81% . This means that Richmond is holding prices well when compared to other suburbs in VIC.
Richmond, 3121 ranked 285th in VIC when comparing growth in median property values or capital gain over the last 12 months. Richmond is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Richmond has increased when compared to the 5 year average annual rate.
Richmond, 3121 is offering VIC ‘s 170th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.