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 3.7% and has experienced a 12-month capital growth of Down -4.9%, with a median house buy price of $1,346,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,200,000
$1,580,000
$1,980,000
$1,346,000
Suburb Market Profile
Last month Richmond had 242 properties available for rent and 173 properties for sale. Median property prices over the last year range from $1,346,000 for houses to $552,500 for units. If you are looking for an investment property, consider houses in Richmond rent out for $900 PW with an annual rental yield of 3.7% and units rent for $600 PW with a rental yield of 6.1%. Richmond has seen an annual compound growth rate of -4.9% for houses and 0.5% for units.
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