107/339 Burnley Street

Richmond VIC 3121

The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of total area. The population of Richmond in 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016.

Richmond has 22,314 properties. Over the last 5 years, Houses in Richmond have seen a 22.14% increase in median value, while Units have seen a 7.12% increase. As at 31 July 2024:

• The median value for Houses in Richmond is $1,447,369 while the median value for Units is $628,526.
• Houses have a median rent of $775 while Units have a median rent of $575.