RichmondVIC · suburb profile
VIC 3121 · Yarra
Daily life in Richmond is dynamic, with a significant portion of the population (45.9%) working from home, which is considerably higher than the Victorian average of 25.7%. The community has a strong rental market, with 54.7% of properties rented, providing flexibility for those not looking to buy. The suburb offers convenient public transport options, though only 8.6% of residents use it for commuting, possibly due to the high work-from-home rate.
Sales · 12 months to August 2026
What property sold for in Richmond
Units · The median unit in Richmond went for $515,000 over the 12 months to August 2026 — cheaper than 74% of the Victorian suburbs we cover, and much where it sat a year earlier.
The middle half of units sold between $400,000 and $629,000.
Houses
$1.34m
median of 165 sales
10.8% down on the previous twelve months.
Dearer than 81% of the 426 suburbs we cover in Victoria.
Half sold between $1.18m and $1.60m.
Last sold within the past two weeks
Units
$515k
median of 323 sales
0.6% down on the previous twelve months.
Cheaper than 74% of the 162 suburbs we cover in Victoria.
Half sold between $400k and $629k.
Last sold within the past two weeks
Townhouses
$1.13m
median of 57 sales
0.7% down on the previous twelve months.
Dearer than 84% of the 113 suburbs we cover in Victoria.
Half sold between $950k and $1.25m.
Last sold within the past month
545 sales on record · data to 30 August 2026
Since 2022
How prices have moved
Units · The longer arc is downward here, $596,000 in 2022 to $515,000 now.
- Houses
- Units
- Townhouses
Dashed lines and hollow points are part years — incomplete, so a dip may only mean fewer sales have happened yet. A break in a line is a year with no published figure, not a fall to zero.
| Year | Houses | Units | Townhouses |
|---|---|---|---|
| 2026 · part year | $1.34m | $516k | $1.08m |
| 2025 · part year | $1.41m | $517k | $1.14m |
| 2024 | $1.40m | $571k | |
| 2023 | $1.40m | $596k | |
| 2022 | $1.42m | $596k |
Quarter by quarter
| Quarter | Median | Sales | Change |
|---|---|---|---|
| 2026 Q2 | $1.33m | 26 | -3.6%low confidence26 sales this quarter, 24 the quarter before. Under 30 either side, the movement is mostly which homes happened to sell rather than the market moving. |
| 2026 Q1 | $1.38m | 24 | +3.5%low confidence24 sales this quarter, 85 the quarter before. Under 30 either side, the movement is mostly which homes happened to sell rather than the market moving. |
| 2025 Q4 | $1.33m | 85 | -3.6% |
| Quarter | Median | Sales | Change |
|---|---|---|---|
| 2026 Q2 | $500k | 76 | -4% |
| 2026 Q1 | $521k | 79 | +0.4% |
| 2025 Q4 | $519k | 116 | -0.6% |
| Quarter | Median | Sales | Change |
|---|---|---|---|
| 2026 Q2 | $1.00m | 9 | -16.7%low confidence9 sales this quarter, 9 the quarter before. Under 30 either side, the movement is mostly which homes happened to sell rather than the market moving. |
| 2026 Q1 | $1.20m | 9 | +3.6%low confidence9 sales this quarter, 30 the quarter before. Under 30 either side, the movement is mostly which homes happened to sell rather than the market moving. |
| 2025 Q4 | $1.16m | 30 |
A change is marked low confidence where either quarter had fewer than 30 sales. The medians are real; with a handful of sales the movement between them is mostly which homes happened to change hands, not the market moving.
Last 12 months
What an extra bedroom costs in Richmond
Units · The step from 1 to 2 bedrooms is the expensive one in Richmond, worth about $228,000.
Houses
| Bedrooms | Median | Sales |
|---|---|---|
| 2 | $1.21m | 77 |
| 3 | $1.57m | 75 |
| 4 | $1.72m | 11 · few |
Units
| Bedrooms | Median | Sales |
|---|---|---|
| 1 | $402k | 170 |
| 2 | $630k | 144 |
| 3 | $1.10m | 7 · few |
Townhouses
| Bedrooms | Median | Sales |
|---|---|---|
| 2 | $1.05m | 36 |
| 3 | $1.25m | 18 · few |
Counts with fewer than five sales are left out rather than estimated, and bigger does not always mean dearer — a bedroom count with few sales can be pulled either way by the particular homes that happened to change hands.
9 schools · 2025 figures
Who goes to school in Richmond
All schools · Richmond's 9 schools teach 3,228 students, up 30.4% in ten years — and 7 government catchments cross the suburb.
Schools here
9
4 primary · 5 secondary
Students, all schools
3,228
2025 · +30.4% since 2015
At primary schoolsStudents at schools whose type is “Primary”. It excludes children in primary years at a Prep-to-12 college — they are counted in the tile beside this one. This number answers “are the primary schools here filling or emptying?”
−8.1%
1,059 students · five years
Children in primary yearsChildren in Years 1–6 at any school, including Prep-to-12 colleges. This answers “are there still young families here?” — a different question from the tile on the left, which is why the two can move in opposite directions.
Prep and ungraded students are counted separately again; see the chart below.
−4.1%
929 · Years 1–6, anywhere
11 years · two ways to read them
Enrolments, 2015–2025
The same students, counted two ways — by the kind of school they attend, and by the year they are in. They answer different questions and can point in different directions. Both views are in the page; the buttons only change which is visible.
Enrolments in Richmond have grown 30.4% over 10 years, with the movement at the secondary end.
- Primary schools
- Secondary schools
Show data table
| Year | Primary schools | Secondary schools |
|---|---|---|
| 2015 | 1,018 | 1,457 |
| 2016 | 1,039 | 1,537 |
| 2017 | 1,100 | 1,548 |
| 2018 | 1,136 | 1,656 |
| 2019 | 1,178 | 1,783 |
| 2020 | 1,152 | 1,919 |
| 2021 | 1,098 | 2,014 |
| 2022 | 1,046 | 2,032 |
| 2023 | 1,057 | 2,102 |
| 2024 | 1,083 | 2,138 |
| 2025 | 1,059 | 2,169 |
Which schools in Richmond are filling and which are emptying. A school that covers Prep to Year 12 is counted once, in its own line — its primary-age students are not in the primary schools line.
- Years 1–6
- Years 7–12
- Prep & ungradedTwo groups that sit outside the numbered year levels: Prep — the first year of school, which the national data does not number — and ungraded students at specialist schools, who are not placed in a year level at all.
A suburb with a specialist school will have a large line here.
Show data table
| Year | Years 1–6 | Years 7–12 | Prep & ungraded | All students |
|---|---|---|---|---|
| 2015 | 857 | 1,436 | 182 | 2,475 |
| 2016 | 862 | 1,510 | 204 | 2,576 |
| 2017 | 930 | 1,531 | 187 | 2,648 |
| 2018 | 969 | 1,633 | 190 | 2,792 |
| 2019 | 1,002 | 1,760 | 199 | 2,961 |
| 2020 | 969 | 1,902 | 200 | 3,071 |
| 2021 | 941 | 1,992 | 179 | 3,112 |
| 2022 | 898 | 2,006 | 174 | 3,078 |
| 2023 | 903 | 2,102 | 154 | 3,159 |
| 2024 | 936 | 2,138 | 147 | 3,221 |
| 2025 | 929 | 2,169 | 130 | 3,228 |
This counts children by the year they are in, not by the kind of school they attend — so a Prep-to-12 college contributes to every line. The three add up to every student in the suburb.
2025 · ACARA
All 9 schools in Richmond
Ordered by size, not by results — 6 government, 2 Catholic and 1 independent. Schools with more than one campus are counted once.
What these columns mean
- Type
- Prep-to-12 is one school a child can start and finish at without changing schools. Specialist schools also appear as Prep-to-12.
- 5 yr
- Change in enrolments against five years ago, not against last year. Enrolments move slowly, so a single year is mostly noise.
- VCE median
- The middle study score of that school’s Year 12 students, on a scale of 0–50. The state median in 2025 was 29.0, so a school above that sits above the middle and one below it sits below. The smaller number after it is how many students the figure rests on. Under 30 students we show nothing at all — a small cohort’s result swings from year to year on who happened to sit the exams, which is easily mistaken for the school changing.
| School | Sector | Type | Students | 5 yr | 10 yr | VCE median |
|---|---|---|---|---|---|---|
| Melbourne Girls College | Government | Secondary | 1,531 | +2.8% | +14.3% | 32 · 388 |
| Richmond High School | Government | Secondary | 476 | +38.8% | — | 30 · 180 |
| Richmond Primary School | Government | Primary | 316 | −13.9% | −5.7% | — |
| Richmond West Primary School | Government | Primary | 281 | −13.3% | +21.6% | — |
| Yarra Primary School | Government | Primary | 249 | −6.4% | +5.5% | — |
| Trinity Catholic School | Catholic | Primary | 213 | +9.2% | −1.4% | — |
| Bindjiroo Yaluk Community School | Government | Secondary | 79 | +21.5% | −33.1% | — |
| Melbourne Indigenous Transition School | Independent | Secondary | 42 | +100.0% | — | — |
| Ignatius Learning Centre | Catholic | Secondary | 41 | — | — | — |
2 schools in Richmond reported median VCE study scores of 30 to 32, against a state median of 29.
Government zoning
Which catchments cover Richmond
7 government catchments cover Richmond, so which one applies depends on the address, not the suburb. The secondary catchment is Richmond High School.
| CatchmentThe area around a government school where living there guarantees your child a place. Boundaries follow streets, not suburb lines, so an address near the edge of a suburb may be zoned elsewhere. They are redrawn each year. | Level |
|---|---|
| Richmond High School | Secondary |
| Abbotsford Primary School | Primary |
| Hawthorn West Primary School | Primary |
| Richmond Primary School | Primary |
| Richmond West Primary School | Primary |
| Yarra Primary School | Primary |
| Melbourne Girls College | Other |
The read
What living here is actually like
Richmond, VIC is a vibrant suburb with a population of 28,582 and a median age of 34, younger than the Victorian average of 38. The area is characterized by a high percentage of young professionals, with 43.1% working in professional occupations. The suburb has a diverse cultural mix, with 64.7% of residents born in Australia and significant communities from Vietnam and England. Housing in Richmond is predominantly apartments, which make up 53.0% of the dwellings, reflecting its urban setting.
Buyer fit
Who this suburb suits
One score per buyer type, out of 100, built from the demographic, housing and commute profile. Strongest first.
Buyer-fit score
Richmond · 0–100
Show data table
| Buyer type | Score |
|---|---|
| Professionals | 85 |
| Investors | 80 |
| Families | 60 |
| First home buyers | 55 |
| Retirees | 50 |
Why professionals score highest
The signals doing the work
- 43.1% of residents are professionals
- High work-from-home percentage at 45.9%
- High median personal income of $1356
- Proximity to city amenities and services
Against the state
How Richmond differs from Victoria
Every bar is this suburb. The vertical tick is the Victorian figure — the gap between them is the story.
Housing & movement
What’s built here, and how people leave in the morning
Dwelling mix
Share of occupied private dwellings
Show data table
| Dwelling type | Share |
|---|---|
| Apartments | 53% |
| Separate houses | 15.6% |
| Townhouses | 30.7% |
How people get to work
Method of travel, 2021 Census
Show data table
| Method | Share |
|---|---|
| Worked from home | 45.9% |
| Drove a car | 24.3% |
| Public transport | 8.6% |
| Walked only | 6.6% |
Costs 2021 Census
Census figures, collected in 2021. Rents and repayments have moved since — for what property is selling for now, see .
Top occupations
Share of the employed workforce
Key highlights
- Highly educated population - 52.6% hold bachelor degrees (vs VIC 29.2%)
- High median personal weekly income of $1356 (vs VIC median household $1759)
- Renter-heavy market with 54.7% rented properties
- Significant work-from-home culture at 45.9% (vs VIC 25.7%)
- Diverse cultural background with 64.7% born in Australia
Things to be aware of
- Higher rental market may limit home ownership opportunities
- Predominance of apartments may not suit families seeking separate houses
- High median weekly rent of $441 could be a barrier for some
- Limited public transport usage despite availability
- High percentage of mental health conditions at 10.5%
Coming soon to this page
Where the richer profile lands
Schools & catchments
Zoned primary and secondary, NAPLAN bands, distances.
Transport & access
Stations, tram routes, drive time to the CBD, walkability.
Development activity
Permits approved, projects underway, zoning changes.
Want to dig into one address in Richmond?
A suburb page gets you this far. For a specific block you get what homes of that size sell for here, the schools that address is zoned to, any subdivisions proposed within 500 m, plus lot dimensions, easements, planning overlays and true sun aspect — free, no account.
X-Ray an address →Data sources
Demographic figures from the Census of Population and Housing © Australian Bureau of Statistics, used under Creative Commons Attribution.
Cadastral and boundary data contains information © State of Victoria (Vicmap), licensed under CC BY 4.0.
Narrative summaries are AI-generated from the underlying data and may contain errors.
School details, enrolments and senior secondary results from the National Schools Data Collection © Australian Curriculum, Assessment and Reporting Authority (ACARA).
School catchment boundaries contain information © State of Victoria (Department of Education), licensed under CC BY 4.0.
Base map © Mapbox © OpenStreetMap. Improve this map at openstreetmap.org/fixthemap.
Informational only — not financial, legal or planning advice. Verify zoning, overlays and catchments with the relevant council before relying on them. Data vintage: 2021 Census.