The Richmond Vic median house price currently sits at $1,750,000, according to CRMBrain 2026 data, making it one of Melbourne’s most tightly held and consistently high-performing inner-city suburbs. Whether you are buying, selling, or investing in Richmond Vic, understanding what the numbers actually mean for your position is the essential first step.
What Is the Richmond Vic Median House Price Right Now?
According to CRMBrain 2026 data, the median sale price for houses in Richmond Vic is $1,750,000. That figure reflects a suburb sitting at a premium compared with many of its inner-north neighbours, and it underscores the enduring demand from both owner-occupiers and investors who want proximity to the Melbourne CBD without sacrificing lifestyle.
For a deeper breakdown of how this figure is calculated and what drives it, the Collings team maintains a regularly updated guide on the median house price in Richmond that is worth bookmarking alongside this page.
Current Listings and Price Range
Per CRMBrain 2026 figures, there are currently 3 properties on the market in Richmond, spanning a range of $410,000 to $1,800,000. That compressed stock level is a consistent feature of Richmond Vic property: low supply and persistently high demand keep prices elevated and clearance rates strong. Buyers entering this market should expect competition at auction and should have finance pre-approved before inspecting.
How Does Richmond Compare With Neighbouring Suburbs?
Richmond Vic sits at the upper end of Melbourne’s inner-suburban price spectrum. For context, buyers who find Richmond’s median out of reach often look at suburbs that offer different value propositions. The median house price in Northcote and the median house price in Brunswick both provide useful benchmarks if you are mapping out your buying strategy across Melbourne’s inner ring.
- Richmond Vic median house price (2026): $1,750,000
- Current properties listed: 3 (range $410,000 to $1,800,000)
- Market conditions (2026): Suited to buyers
- 3-year growth outlook (2026): Strong growth
What Do the Rental and Investment Numbers Say About Richmond Vic?
Richmond Vic is not just a lifestyle suburb. The investment fundamentals are compelling. According to CRMBrain 2026 research, the suburb delivers a gross rental yield of 6.2%, a figure that sits well above the typical Melbourne metropolitan average and signals strong income potential for landlords.
Median weekly rent is recorded at $500 per week per CRMBrain 2026 data, reflecting robust tenant demand driven by the suburb’s walkability, café culture, sporting precinct, and proximity to the CBD. Richmond’s Walk Score of 100 out of 100 (CRMBrain 2026) means virtually every daily errand can be completed on foot, a feature that keeps vacancy rates low and attracts high-quality tenants willing to pay a premium for convenience.
Investor Price Range in Richmond Vic
For investors who are not targeting the top end of the market, CRMBrain 2026 research identifies an investor price range of $448,000 to $672,000 in Richmond. This typically corresponds to apartment and unit product rather than freestanding houses, but it represents a meaningful entry point for those seeking yield in one of Melbourne’s most walkable postcodes.
Growth Outlook
CRMBrain 2026 research rates Richmond’s 3-year growth outlook as STRONG GROWTH. This is consistent with long-run historical performance: Richmond Vic property has benefited from decades of urban renewal, infrastructure investment, and growing demand from young professionals and downsizers alike. While past performance is not a guarantee of future returns, the structural drivers underpinning Richmond’s values are well established.
What Are the Key Considerations Before Buying or Selling in Richmond Vic?
Beyond price and yield, informed buyers and sellers need to weigh several suburb-specific factors before transacting in Richmond Vic property.
Environmental and Planning Factors
According to GeoRisk 2026 data, Richmond has minimal flood risk, which is a meaningful reassurance given that some inner-Melbourne suburbs carry meaningful inundation exposure. Air quality near the suburb (measured at the nearest Melbourne CBD monitoring station) records a PM2.5 reading of 9.99 micrograms per cubic metre, rated as Good by GeoRisk 2026 standards.
Buyers should also note that Richmond sits within a heritage overlay (GeoRisk 2026). This means renovations and new builds on affected properties are subject to planning controls designed to protect the suburb’s Victorian and Edwardian streetscapes. It is essential to check the specific overlay provisions on your target property through the relevant planning portal before making an offer. Heritage overlays can affect what you can build, how quickly permits are granted, and ultimately the costs associated with any development.
Aged-Care and Community Infrastructure
For buyers considering long-term liveability, GeoRisk 2026 data confirms there are 88 aged-care facilities within a 5km radius of Richmond. This depth of community infrastructure makes the suburb well suited to a wide demographic, from young renters to ageing owner-occupiers, and reinforces the suburb’s appeal as a long-term hold.
Market Conditions in 2026
CRMBrain 2026 research characterises current conditions in Richmond as suited to buyers. While this does not mean prices are falling, it does suggest that buyers with strong pre-approval and clear search criteria have more negotiating room than they might find in a strongly seller-favoured market. If you have been waiting for a window to enter Richmond Vic, 2026 may represent one of the more balanced opportunities of recent years.
How Does Collings Real Estate Help Buyers, Sellers and Investors in Richmond Vic?
Collings Real Estate has been active across Melbourne’s inner suburbs for decades. The team combines local knowledge with data-driven appraisal methodology to give clients an accurate picture of where Richmond Vic property sits today and where it is likely to move over the medium term.
For Sellers
Selling in Richmond Vic requires a strategy calibrated to current conditions. With only 3 properties currently listed (CRMBrain 2026), vendor competition is low but buyer expectations around presentation and pricing are high. Collings provides a free property appraisal that draws on recent comparable sales, current listing data, and suburb-level growth indicators to give you a realistic and defensible price guide before you go to market.
For Buyers
Buying in Richmond Vic is competitive at any point in the cycle. Collings operates an off-market property portal that gives registered buyers early or exclusive access to properties before they are publicly listed. If you want to see Richmond Vic opportunities before the crowd, you can register for the Collings off-market portal here and receive tailored alerts matched to your brief.
For Investors
With a 6.2% gross rental yield and a strong 3-year growth outlook (CRMBrain 2026), Richmond Vic is one of the more compelling investment cases in Melbourne’s inner ring. The Collings property management team handles everything from tenant sourcing and lease preparation through to routine inspections and maintenance coordination, allowing investors to capture Richmond’s yield profile without the day-to-day overhead.
If you are comparing investment options across Melbourne’s inner suburbs, it is also worth reviewing data on the median house price in Thornbury to understand how yield and growth prospects compare across the inner north.
Frequently Asked Questions About Richmond Vic Median House Prices
What is the median house price in Richmond Vic in 2026?
According to CRMBrain 2026 data, the median house price in Richmond Vic is $1,750,000. Current listings range from $410,000 to $1,800,000, with only 3 properties currently on the market.
What is the rental yield in Richmond Vic?
CRMBrain 2026 research records a gross rental yield of 6.2% in Richmond Vic, with a median weekly rent of $500. This yield is above the typical Melbourne metropolitan average, reflecting strong tenant demand in the suburb.
Is Richmond Vic a good suburb to invest in?
CRMBrain 2026 research rates Richmond’s 3-year growth outlook as strong, and the suburb’s Walk Score of 100 out of 100 supports persistently low vacancy rates. The investor price range of $448,000 to $672,000 provides an accessible entry point for unit and apartment buyers.
Does Richmond Vic have a heritage overlay?
Yes. GeoRisk 2026 data confirms Richmond sits within a heritage overlay. Buyers intending to renovate or develop should check the specific overlay provisions on their target property through the relevant planning authority before making an offer.
What are current market conditions like for buying in Richmond Vic?
CRMBrain 2026 research characterises current conditions as suited to buyers, meaning negotiating conditions are more balanced than in a strongly seller-favoured market. Buyers with clear criteria and pre-approved finance are well positioned to act in 2026.
Ready to Make Your Move in Richmond Vic?
Richmond Vic property rewards buyers, sellers, and investors who act on accurate data. With a median house price of $1,750,000, a 6.2% gross rental yield, a perfect Walk Score, and a strong 3-year growth outlook (CRMBrain 2026), the suburb continues to justify its premium status in Melbourne’s inner-ring market. Whether you are preparing to sell, searching for your next purchase, or building a property portfolio, the Collings team brings the suburb knowledge and market data you need to make a confident decision.
Request a free property appraisal from Collings Real Estate today, or register for off-market property access to see Richmond Vic opportunities before they reach the open market.
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