Suburb Profile: Richmond VIC

December 27, 2021
richmond vic apartment for sale

Richmond is a suburb of Melbourne, 3 km south-east of the Central Business District. It is located in the Local Government Area of the City of Yarra.

Richmond VIC Summary

Richmond is well known for its textile industry history, popular factory outlets centred along Bridge Road and its vibrant and popular Little Saigon area along Victoria Street.

Richmond is a diverse suburb that has been the subject of gentrification since the early 1990s. Today, it consists of an eclectic mix of expensively converted warehouse residences, public housing high-rise flats and terrace houses from the Victorian-era.

The residential area of the suburb is among the lively retail sector and a shrinking industrial and manufacturing base.

Schools in Richmond

Schools in Richmond include Melbourne Girls’ College, Lynall Hall Community School, St Kevin’s College (Waterford Campus), Richmond Primary School, Richmond West Primary School, Yarra Primary School and Trinity Catholic Primary School.

Tertiary education is available in the Melbourne metro area.

Transportation in Richmond

richmond vic

Richmond has an established transport system involving arterial roads, train stations, tram routes, a bus route and a series of bicycle trails including the Capital City Trail and the Yarra River Trail.

The main train station in Richmond is Richmond railway station, which is an interchange to the eastern and south-eastern suburbs.

Community in Richmond

Richmond is home to the Richmond Football Club, which is a member of the Australian Football League. Richmond is one of the most successful football teams in Australia having won 10 premierships. Home games are played at the MCG, which is just outside the suburb’s border. Richmond is also the home to Richmond SC, a football (soccer) club, which plays in the Victorian Premier League.

There is an abundance of cafés, restaurants and eateries in the area while Bridge Road offers major label factory outlets and seconds stores. There is a number of medical centres and hospitals in the area.

Industry and Employment in Richmond VIC

At the time of the 2011 Census, the most common industries of employment for persons aged 15 years and over usually resident in Richmond were:

• Legal and Accounting Services 4.9%
• Hospitals 4.9%
• Cafes, Restaurants and Takeaway Food Services 4.6%
• Architectural, Engineering and Technical Services 3.7%
• Depository Financial Intermediation 3.3%

The median weekly personal income for people aged over 15 years $905.

Population in Richmond

At the time of the 2011 Census, there were 23,814 people in Richmond. Of these 48.6% were male and 51.4% were female. Aboriginal and Torres Strait Islander people made up 0.3% of the population. The median age of residents was 33 years old and 10% of the population is aged 65 years or older.

Housing Market Residex Statistics (updated for Richmond, Victoria)

A2

Want more of Richmond?

If you’re on the hunt for more apartments to rent or houses on sale in Richmond, we can also help you out in that department. Browse our search page to check out some amazing listings available right now.

But don’t just stop there, download our app to get the full Soho experience. Just remember to shortlist or swipe left on our listings so we can send you others that better match what you’re looking for.

Soho
Join Soho for free, the new way to discover and swipe your dream home, connect to experts in the real estate community and stay updated with market trends when you are buying, renting or selling property.
Share this article
soho-logo-Hoz-Light
Want the latest real estate news in your inbox?
Just let us know your email and we will do the rest

Latest

Let us Find your next Dream Home

Our AI will create a personalised list of property matches for you to rank from over 100,000 available listings

Let us Find your next Dream Home

Our AI will create a personalised list of property matches for you to rank from over 100,000 available listings