RICHMOND 3121
State: VICPosiProp AI Investment Summary
RICHMOND (VIC 3121) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.4% and has experienced a 12-month capital growth of Down -0.4%, with a median house buy price of $1,373,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,240,000
$1,585,000
$2,255,000
$1,373,000
Suburb Market Profile
Last month Richmond had 218 properties available for rent and 197 properties for sale. Median property prices over the last year range from $1,373,000 for houses to $560,250 for units. If you are looking for an investment property, consider houses in Richmond rent out for $875 PW with an annual rental yield of 3.4% and units rent for $600 PW with a rental yield of 6.2%. Richmond has seen an annual compound growth rate of -0.4% for houses and 1.9% for units.