Only 3km from the CBD and just moments from the MCG and other iconic Melbourne cultural venues, Richmond offers an enviable inner-city lifestyle. Diverse and pulsing with activity, the suburb has everything — from acres of fabulous parkland to some of the city’s most vibrant street life. Explore an array of chic cafes, high-end fashion boutiques, designer furniture and homeware outlets, fresh produce stores, historic pubs, and a whole lot more. Sample the grocers and restaurants of Swan and Victoria streets. Experience the ultimate in public transport convenience and savour the sheer ease of living in one of Melbourne’s most walkable suburbs.
Richmond is a popular cosmopolitan suburb in Melbourne’s inner-east. We expect growth in this area for several reasons:
Proximity to City & Melbourne’s famous sporting & cultural district
Location, location, location
Number of prestigious schools in the area
Owner occupier area
High income earners with over 30% of households earning over $130,000 p.a.
Extremely low vacancy rate of just 1.2%
Opportunity for growth
Ripple effect will drive price growth due to every surrounding suburb having a higher median house price of at least $380,000 higher
Copy of Carefully crafted living spaces
Richmond’s Median unit price $636,000 Feb 2016 grew by 5.9% while Median house price grew by 19%