Richmond

Print This Post Print This Post

Located 2km south east of Melbourne with a population of 22,475. (2006 census).  Richmond is a district split between rich and poor. There is a large proportion of public housing in the suburb located generally in high rise apartment blocks.  Whilst at the other end of the scale, Richmond contains affluent residential zones featuring expensive period properties and luxury town houses.  The elite precinct in Richmond is the Richmond Hill area – close to Yarra Park. Elevated, it has some of the best views of Melbourne City and commands high property Prices. There is a diverse cultural mix in Richmond – many come  from Indonesia and it also bares home to a significant Greek community (leading to the development of a Greek Orthodox Church on Burnley St.)  Parts of the suburb are heavily industrial – narrow streets and high density developments feature, along with areas covered in Graffiti.    Home buyers need to pick the location carefully if they want to ensure consistent capital growth. It’s estimated there are more renters in Richmond than owner occupiers.  The suburb also acts as a major transport hub with links to all railway lines servicing Melbourne’s east and south-eastern localities.


Amenities:

Schools:

St. Kevin’s College (Waterford Campus),

Lynall Hall Community School

Melbourne Girls’ College.

Richmond Primary School,

Richmond West Primary School,

Yarra Primary School,

Trinity Catholic School

Transport:

5 Train stations – Richmond, Burnley, East Richmond, North Richmond and West Richmond.

7 Tram routes – 24, 109, 78, 79, 70, 48, 75

Shopping:

Church St, Victoria St, Bridge Road and Swan St are the main areas of activity. Bridge Rd has a range of well known factory outlets, whilst Victoria St is the heart of the Vietnamese community (otherwise known as ‘Little Saigon’.) Church St has a range of designer furniture stores and art outlets. The suburb’s shopping areas are vibrant – full of cafes, restaurants, a prominent Asian and Greek influence, boutique stores, live music, pubs and clubs. Something for everyone.


House Styles:

Richmond has a diverse range of architectural styles. Narrow streets with rows of single fronted Victorian or Edwardian houses are common. Cottages, modern apartments, warehouse renovations, brick veneer villas are all to be found in this suburb. Land sizes are small and as such value is high.


Recent Sales:

Share this Market Comment

About the author

Top