How Richmond apartment prices have jumped since the 2017 downturn

Richmond is an inner suburb of Melbourne, Victoria, 3 km east of Melbourne's Central Business District, located within the City of Yarra.

The median unit price in Richmond fell roughly from $560,000 to $541,250 between 2017 and 2018. 

Since then, its median unit price have risen by more than 6 per cent. 

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Median house price in Richmond shows an opposite pattern compared to its median unit price, according to the latest CoreLogic data.

With a large number of small homes in its narrow streets, Residential Richmond consists of some Melbourne's best examples of residential architecture from most periods.

To learn all you need to know about Richmond, from median asking rents to household composition, click here. 

As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.