Richmond, VIC 3121 has a diverse population with a significant number of young adults in their 20s and 30s. The suburb offers a good mix of occupations dominated by professionals, managers and technicians. Residents have a strong preference for using motor vehicles for daily commutes, although a notable proportion work from home. The suburb's educational advantage, as indicated by the ICSEA percentile for government schools, is high. For houses, Richmond presents investment opportunities with a high market absorption rate and low vacancy rate, indicating strong buyer demand. The suburb is ideal for property developers or investors interested in renovating properties, given the high sale price IQR ratio. For units, while offering a lower rental yield compared to houses, the high room demand-supply ratio suggests a lucrative opportunity for investors looking to capitalise on room rentals. Richmond, VIC 3121 is a bustling suburb popular among young professionals, boasting a vibrant lifestyle with convenient transport options. The area provides promising investment prospects for both house investors and unit investors, with opportunities for development and room rental investments. The suburb's high demand for properties indicates potential for future capital growth and rental returns. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022