Price drops in Richmond
Listings for sale in Richmond, VIC 3121 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
60
37% of 163 live listings
Median cut
4.2%
$30K off the asking price
Days listed before cut
59
median, first listed to latest cut
Cuts, last 30 / 90 days
43 / 55
4 listings have raised instead
Richmond price-drop summary
60 listings in Richmond (37% of the 163 on the market) are advertised below an earlier asking price. The typical reduction is 4.2%, about $30K. Apartment listings account for 31 of them, with a median cut of 3.2%. Going the other way, 4 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| Apartment | 31 | 3.2% |
| House | 23 | 5.0% |
| Townhouse | 6 | 4.9% |
Largest current cuts in Richmond
The 30 biggest of 60, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 14 Bank Street | $1,550,000 | $1,330,000 | -14.2% | 3 bed House | |
| 5 Union Street | $1,700,000 | $1,500,000 | -11.8% | 3 bed House | |
| 5 Eucalyptus Street | $1,300,000 | $1,150,000 | -11.5% | 3 bed House | |
| 36 Adam Street | $1,090,000 | $975,000 | -10.6% | 2 bed House | |
| 17 Hoddle Street | $1,100,000 | $990,000 | -10.0% | 3 bed House | |
| 311/381 Punt Road | $460,000 | $420,000 | -8.7% | 1 bed Apartment | |
| 26 Appleton Street | $1,850,000 | $1,700,000 | -8.1% | 3 bed House | |
| 107 Mary Street | $2,500,000 | $2,299,000 | -8.0% | 3 bed House | |
| 8/185-191 Lennox Street | $299,000 | $275,000 | -8.0% | 1 bed Apartment | |
| 39 Wellington Street | $1,300,000 | $1,200,000 | -7.7% | 3 bed House | |
| 409/33 Judd Street | $535,000 | $495,000 | -7.5% | 1 bed Apartment | |
| 106/360 Burnley Street | $420,000 | $390,000 | -7.1% | 1 bed Apartment | |
| 1/4 Margaret Street | $1,500,000 | $1,395,000 | -7.0% | 3 bed Townhouse | |
| 16 Garfield Street | $1,769,000 | $1,650,000 | -6.7% | 3 bed Townhouse | |
| 1/29A Glass Street | $2,840,000 | $2,650,000 | -6.7% | 4 bed Apartment | |
| 2 O'Connell Street | $1,600,000 | $1,500,000 | -6.3% | 4 bed House | |
| 105/27 Dickmann Street | $880,000 | $825,000 | -6.3% | 2 bed Apartment | |
| 51 Lord Street | $2,100,000 | $1,970,000 | -6.2% | 4 bed House | |
| 507/183 Bridge Road | $720,000 | $680,000 | -5.6% | 2 bed Apartment | |
| 102/10 Bromham Place | $550,000 | $520,000 | -5.5% | 2 bed Apartment | |
| 8A Khartoum Street | $1,850,000 | $1,750,000 | -5.4% | 3 bed Townhouse | |
| 18 Lennox Street | $950,000 | $900,000 | -5.3% | 3 bed House | |
| 11 Corsair Street | $1,100,000 | $1,044,999 | -5.0% | 2 bed House | |
| 209/253 Bridge Road | $440,000 | $418,000 | -5.0% | 1 bed Apartment | |
| 401/306-312 Swan Street | $610,000 | $580,000 | -4.9% | 2 bed Apartment | |
| 63 Church Street | $850,000 | $810,000 | -4.7% | 2 bed House | |
| 102/84 Cutter Street | $440,000 | $420,000 | -4.5% | 1 bed Apartment | |
| 12 Park Avenue | $4,600,000 | $4,400,000 | -4.3% | 5 bed House | |
| 26 Carroll Street | $2,300,000 | $2,200,000 | -4.3% | 3 bed Townhouse | |
| 11/185-191 Lennox Street | $517,000 | $495,000 | -4.3% | 1 bed Apartment |
Suburb profile
Richmond market data
Median prices, rents, growth and vacancy for Richmond.
Sold prices
Recent sales in Richmond
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Richmond: common questions
How many properties in Richmond have had a price drop?
60 listings for sale in Richmond VIC 3121 are currently advertised below an earlier asking price, 37% of the 163 listings on the market. 43 of those cuts were recorded in the last 30 days and 55 in the last 90.
How much are Richmond sellers cutting their prices by?
The median cut is 4.2%, or $30K, measured from the previous advertised asking price to the current one on each listing.
How long are Richmond listings on the market before the price drops?
A median of 59 days from when the listing first appeared to its latest price cut, across 60 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.