Richmond

Local Landmark

  • Bridge Road Shopping District
  • Melbourne Cricket Ground
  • Citizens Park

Distance to Melbourne CBD

  • 19 Minutes

  • 48 Minutes

  • 16 Minutes

  • 16 Minutes

Having gone through a process of gentrification since 1990s, Richmond has transformed itself from a struggling working-class neighbourhood to a popular hustle and bustle area. Nowadays, this inner-city suburb is offering its residents a lifestyle of spectrum, from outlet shopping strip, energetic sports facilities to the boutique local cafes and bites of full Asian flavours in Victoria Street.

 

MCG

Known as Melbourne Cricket Ground, MCG is a Melbournians' hotspot as it is home to the Melbourne Cricket Club as well as the spiritual home and the venue for AFL matches (Australian Football League). During AFL season, MCG hosts at least one game each round (usually more) and the stadium fills to capacity for the AFL Grand Final.

 

ARCHITECTURE

Being home to working class in the old days, Richmond has the presence of Victorian terraces and timber cottages. Many of the heritage premises from old Victorian era have been restored to former glories, functioning as classic pubs or milk bars. Near the station, the history of manufacturing can be spied in the old factories. Some of them still preserve their vintage logos with converted dwelling units inside, expansive loft style apartments.

Demographics

Average Age
20 - 39
 
Occupation
Professional/Technical 17%
Health Care/ Social 11%
Retail Trade 8%
 
Ownership
Fully Owned 20%
Purchasing 24%
Renting 57%

 

Data Source: www.domain.com.au, December 2016

Market Data

Median Price
1 Bedroom Unit $406,000
2 Bedroom Unit $601,000
3 Bedroom Unit $816,000
 
Days on Market
1 Bedroom Unit 72
2 Bedroom Unit 64
3 Bedroom Unit 73
 
Sold This Year
1 Bedroom Unit 117
2 Bedroom Unit 136
3 Bedroom Unit 20

 

Data Source: www.domain.com.au, December 2016

Projects in the area


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