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Mount Richmond, VIC 3305
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$965,000
market range $450K-$975K
Median Unit
$295,000
list-price estimate
Gross Yield (houses)
3.0%
1yr Growth
-
Investment snapshot for Mount Richmond
Mount Richmond has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mount Richmond market and investor summary
Mount Richmond (VIC 3305) runs a median house price of $965K, with houses yielding a gross 3.0%. At 2.4% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 290 days on market, so plan for a slower exit if you ever need one.
Living in Mount Richmond: people, income and schools
Mount Richmond is home to around 42 people, a number that has held fairly steady over five years. The median age is 45, skewed a little older, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $102,000 a year, or roughly $1,960 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 9.5 times local household income, so affordability is a genuine constraint on local buyers.
- Population
- 42
- -1% over 5yr
- Median age
- 45 years
- Median household income
- $102,000/yr
- Households renting
- 23%
- Family households
- 100%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 3.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mount Richmond
No properties currently listed in Mount Richmond
Search Mount Richmond listings →Frequently asked questions about Mount Richmond
What should I check before investing in Mount Richmond?
Mount Richmond has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Mount Richmond?
The median property price in Mount Richmond, VIC 3305 is $965K for houses.
What rental yield does Mount Richmond show?
The gross rental yield in Mount Richmond is 3.0% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Mount Richmond?
The current vacancy rate in Mount Richmond is 2.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Mount Richmond?
Mount Richmond has a population of approximately 42 residents, with a median age of 45.
Is Mount Richmond affordable to buy in?
A median house in Mount Richmond costs about 9.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Mount Richmond's population growing?
The population of Mount Richmond has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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