At number 1183th in the list of Australian suburbs ordered by increase in median house value over the last year, Richmond, 3121 is in the top 30% with a property value increase of 10.31% recorded in median house prices.
While Richmond,3121 ranked number 591th in VIC for increase in median house value (annualised) increase, it is ranked 127th over the last 5 years.
The most recent median price for Richmond is $1230000, with sellers offering an average of -4.60% off the asking price.
In the last year 265 properties changed hands in Richmond, which puts it as the 78th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $650 mark per week – giving a return of 2.75% based on the median price in Suburb
With a capital gain of -1.79% for the last 12 months, Richmond, 3121 has performed for property investments than its average annual 3.36% property growth over the last 5 years.
While Richmond,3121 ranked number 189th in VIC for increase in median house value (annualised) increase, it is ranked 272th over the last 5 years.
At number 192th of VIC’s most discounted properties, Richmond is in the middle of the state/territory when listing in order of most discounted to least.
Richmond, 3121’s gross rental yield is 4.16%