VIC 3121

Richmond, VIC - Investment Profile

Investment Overview

Richmond is one of Melbourne's most sought-after inner-city suburbs, located just 3km east of the CBD. Known for its vibrant cafe culture, Victoria Street dining precinct, and proximity to the MCG and sporting precincts, Richmond attracts strong tenant demand from young professionals. The suburb benefits from excellent public transport with multiple train stations and tram lines. Historically, Richmond has delivered strong capital growth driven by gentrification and limited new supply of detached housing. Unit investors can access the market at a lower entry point with competitive rental yields.