ARE Property (Melbourne)
melbourne's inner-city Suburb
richmond
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RICHMOND
Nestled on the edge of Melbourne’s bustling CBD, Richmond sits just 3km east of the city centre, offering the perfect blend of connectivity, character, and contemporary urban living.
Renowned for its vibrant streetscapes, eclectic dining, and boutique retail, Richmond truly captures the essence of Melbourne’s dynamic lifestyle. Richmond was named Australia’s coolest suburb — and ranked 10th coolest in the world — in Time Out’s 2021 global ranking.
Once defined by red-brick warehouses and humble workers’ cottages, Richmond has evolved into a thriving community of young professionals and creatives. Today, its tree-lined streets are home to beautifully restored heritage buildings and modern multi-million-dollar residences, reflecting a suburb that seamlessly blends its rich history with a bold, contemporary spirit.
Why People Love Living in Richmond
Excellent Public Transport and Walkability
With a Walk Score of 99%, Richmond is one of Melbourne’s most walkable suburbs — meaning cafés, shops, trams, and parks are right outside your door. Add in excellent public transport connections, multiple train stations, tram lines, and bike-friendly streets, and you’ve got a suburb where getting anywhere is simple.
Whether you’re heading into the city for work, catching a game at the MCG, or meeting friends along Swan Street, everything is effortlessly close.
Sport, Green Space and Lifestyle
Richmond offers the perfect mix of city life and relaxation. Sports fans can visit the nearby Melbourne Cricket Ground (MCG) to watch an football match or a cricket match.
For those who prefer a quieter pace, Richmond has plenty of green spaces. Stroll or cycle along the Yarra River, relax in riverside cafés, or enjoy Citizens Park and Barkly Gardens. With its combination of lively sport, natural beauty, and a friendly community, Richmond is ideal for families, professionals, and downsizers alike.
Barkly Gardens
Food, Fashion and Culture
Richmond is known for its great food, fashion, and culture. From fine-dining restaurants and rooftop bars to local cafés and boutique shopping on Bridge Road and Swan Street, there’s always something to enjoy. The suburb also comes alive with music — enjoy live performances at the Corner Hotel, a favourite spot for local artists and bands.
With its mix of old and new buildings, Richmond offers a stylish and lively atmosphere that attracts people who value convenience, creativity, and city living.
Corner Hotel, Richmond
Demographic
Predominant Age Group: Richmond has a strong population of young adults aged 25 to 34, showing its popularity among professionals, couples, and downsizers who enjoy an active and connected lifestyle.
Professionally Oriented Workforce: Richmond’s residents are highly skilled and career-focused, reflecting the suburb’s close connection to Melbourne’s CBD and professional hubs. According to the latest Census data, over 43% of residents work in professional roles, and following by 18.8% are employed as managers — well above the state and national averages.
High-Income Profile: Residents of Richmond enjoy well above-average incomes, with a median household income of $2,245 per week. This strong income profile supports consistent housing demand and investment stability in the suburb.
The Future of Apartment Living in Melbourne
As house prices in Melbourne continue to rise, apartment living is emerging as a viable and attractive alternative, especially in established suburbs like Richmond.
Here’s why:
1. Affordability: Apartments offer a more affordable entry point into the property market, making them accessible to a broader range of buyers, including young professionals and first-time homeowners.
2. Convenience and Low Maintenance: Modern apartments provide a low-maintenance lifestyle, ideal for busy individuals and families. High-quality finishes, contemporary designs, and state-of-the-art facilities ensure comfort and convenience.
3. Sustainability: Many new apartment developments prioritize sustainability, incorporating energy-efficient systems, green spaces, and eco-friendly materials. This aligns with the growing demand for environmentally conscious living.
4. Community Living: Apartment complexes often feature communal spaces such as rooftop gardens, gyms, and lounges, fostering a sense of community and social interaction among residents.
Surrounding Amenities
Future Laneway Precinct - The New Laneway Precinct will be an exciting and vibrant hub in Richmond, filled with cafes, restaurants, and shops that create a lively community atmosphere.
Recreation and Green Space
Barkly Gardens - 500m
Melbourne Cricket Ground (MCG) - 1.5km
Melbourne Park - 1.5km
Melbourne Cricket Ground
Transportation
70 Tram Stop Swan and Church - 150m
East Richmond Station - 300m
Richmond Station - 850m
Richmond Station
Richmond Station
Education and Medical Centre
Richmond Primary School - 550m
St Kevin's College Waterford - 1.5km
Epworth Richmond Hospital - 1.5km
Epworth Richmond Hospital
Ground Floor Retail
Interior
Recommended Units
One Bedroom Unit (From $670,000)
Unit 311
1 Bed + Multi Purpose Room, 1 Bath
Internal Size: 57m² (614sqft)
External Size: 19m² (205sqft)
Total Area: 76m² (818sqft)
Price: $670,000
CLICK LINK FOR INFORMATION
Floor Plan
Two Bedroom Unit (From $1,055,000)
Unit 409
2 Bed, 1 Bath
Internal Size: 73m² (786sqft)
External Size: 9m² (97sqft)
Total Area: 82m² (883sqft)
Price: $1,055,000
CLICK LINK FOR INFORMATION
Floor Plan
Unit 410
2 Bed, 2 Bath
1 Carpark
Internal Size: 74m² (797sqft)
External Size: 8m² (86sqft)
Total Area: 82m² (883sqft)
Price: $1,135,000
CLICK LINK FOR INFORMATION
Floor Plan
Three Bedroom Unit (From $1,830,000)
Unit 604
3 Bed, 2 Bath
2 Carpark
Internal Size: 114m² (1,227sqft)
External Size: 13m² (140sqft)
Total Area: 127m² (1,367sqft)
Price: $1,830,000
CLICK LINK FOR INFORMATION
Floor Plan
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