Buyers Agent Melbourne – Suburb Feature – Richmond

In this Buyers Advocate Melbourne post, Luxton Property will explore the hip inner city of Richmond that has been widely sought after by young professionals and mature aged couples.

richmond buyers agent suburb feature bridge rdBridge Road, Richmond

Right on the outskirts of Melbourne CBD, Richmond is a busy and bustling area with a laid-back charm. It gives off a community vibe because of its diverse population of people from different ethnic, cultural and religious backgrounds. Its diversity also gives Richmond a neighbourly feel that isn’t often experienced in the inner city and has made it one of the most vibrant places to live in Melbourne.

victorian era house buyers agent richmond


Property data for Richmond Houses Units
Median House Price: $1,230,000 (May 2017) $550,000 (May 2017)
Price Per Square Metre: $7,917
Annual Capital Growth: 10.31% -1.79%
Average Annual Growth: 8.52% 3.36%
Capital Growth Since 2012 (5 years): 42.90%  17.20%
Median Advertised Rent: $650/week (May 17) $440/week (May 17)
Gross Rental Yield: 2.75% 4.16%
Demographics Of Richmond
Municipality: City of Yarra
Total Population: 26,121 (2011)
Median Household Income: $1,697/week
Median Housing Loan Repayment: $2,383/month
Average Household Size 2.1
Dominant Country of Birth Australia
Dominant Religion Christianity
Percentage That Work 72%
Dominant Occupation  39.5% Professionals, 16.3% Managers
Household income 29.9% earning above $2500 (weekly)
Dominant dwelling type 37.1% flat, unit or apartment
Property Buying Information for Richmond
Most Expensive Pocket/s: Richmond Hill area bordered by Bridge Road, Church Street, Richmond Terrace and Punt Road.
Most affordable pocket/s: Area bordered by Victoria Street, Lennox Street, Highett Street and River Street
Transport Train: Richmond Station, West Richmond Station, North Richmond Station
Tram: Bridge Road #78, Swan Street #70
Popular Shopping hubs  Victoria Gardens Shopping Centre, Bridge Road, Swan Street, Church Street and Victoria Street
Popular Schools  Trinity Catholic School, Melbourne Girls College, St Kevins College Waterford, Yarra Primary School
Popular Restaurants  Meatmother, French Baguette Cafe, Bahari, Cochin, Kong BBQ, Minamishima
Popular Attractions Melbourne Cricket Ground, Yarra River walking & bike trails, Corner Hotel


buyers agent richmond the corner hotelThe Corner Hotel, Richmond


buyers agent richmond victoria gardensVictoria Gardens Shopping Centre, Richmond

Richmond has undergone steady urban renewal and gentrification since the 1990s. What was once a struggling working class area with factories has now been transformed into a dynamic neighbourhood. Richmond’s housing development is an eclectic mix of warehouse conversions, timber cottages and new apartment and townhouse developments, resulting in a diverse residential mix of low and high-income professionals.


buyers agent richmond victoria stVictoria Street, Richmond

Richmond has a wonderful mix of cultures which translates into the food it offers. It’s known for its pub scene and abundance of cafes, restaurants and other drinking options. It is ideal for buyers who are looking to escape the city but still be amongst all the action. It has become a popular living area amongst young professionals and mature aged couples because of its great access to amenities, social and sporting events. This up-and-coming area hosts a variety of shopping centres, factory outlets, entertainment venues, pubs and popular Vietnamese restaurants and takeaways. It’s also well known for its three main commercial strips (Bridge Road, Swan Street & Victoria Street) where you will be spoilt for choice from its diverse range of shops, cafes, restaurants, markets and a variety of supermarkets. It’s also home to one of Melbourne’s biggest football teams, the Richmond Tigers.

We know the intricate details of Richmond as well as most suburbs in the Inner City of Melbourne to ensure we buy the best property for our clients at the best price. The above is just a brief insight in to how thorough we are with our property research, which in turn assists our clients to make the right decision with their next purchase. You see the more information we have, the better our buying strategy. This ensures our client’s needs are always met and their expectations are always exceeded.

At Luxton Property Group we specialise in purchasing property for investors and premium home buyers. You might just be starting out in the property market or be a seasoned property investor looking for an edge. The above is just a small glimpse in to what we do and how we use our local market knowledge to buy our clients the best property at the best price. We have been buying property for over a decade and have a superior buying service at a more affordable price. If you’re thinking about living in Richmond, Request a call today to speak to one of our property buying experts for a no obligation discussion on how we can assist you with your next purchase.