RICHMOND
As the property market shifts, Richmond has solidified its standing as a established enclave, attracting a specific demographic of buyer. The suburb currently holds a median house price of $1.43m. Prices have remained largely stable with a 5% change, suggesting a balanced market where supply has largely kept pace with local demand.
Lifestyle Profile
Leafy and open, the visual appeal of Richmond lies in its low-density layout. It avoids the claustrophobia of the inner-city, offering residents a sense of space and sky.
It is a neighborhood where connectivity matters. The vibe is friendly and grounded, with a strong culture of neighbors knowing each other—a throwback to traditional suburban values.
Lifestyle amenities are practical and abundant. The suburb is typically anchored by a major shopping center or high street that covers all daily needs, from supermarkets to medical centers.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $92,694. With a price-to-income ratio significantly above the state average, ownership in Richmond often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. Richmond benefits from access to high-performing educational assets. Institutions like Hawthorn West Primary School (ICSEA Percentile 97) act as significant drawcards. Historical data shows that catchments for top-tier schools often experience tighter stock retention rates as families hold properties for the duration of schooling.
Market Outlook
The market has shown resilience with 4.8% stable growth. This appeals to buyers seeking lower volatility.
Quick FAQ about Richmond:
- Is Richmond expensive? With a median price of $1.43m, it is considered a established market, often attracting buyers seeking classic living standards.
- What are the schools like? The catchment for Hawthorn West Primary School is a major driver of local demand.
Primary Schools
Secondary / High Schools
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Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.