Richardson vs Monash
Richardson (median $805,000) is roughly 10% cheaper to buy into than Monash ($895,500).
Buying in Richardson or Monash?
Selling in Richardson? The free selling guide
Richardson and Monash side by side
| Measure | Richardson | Monash |
|---|---|---|
| Price and market | ||
| Median house | $805,000 | $895,500 |
| Median unit | $316,800 | $700,000 |
| Renting | ||
| House rent | $430/wk | $462/wk |
| Unit rent | $391/wk | $450/wk |
| Owner occupied | 73.0% | 74.0% |
| Renter occupied | 26.0% | 19.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1034 | 1040 |
| Lifestyle and people | ||
| Walk score | 18 | 6 |
| Transit score | 80 | 100 |
| Bike score | 100 | 100 |
| Population | 3,058 | 5,644 |
| Median age | 36 | 43 |
| Climate | ||
| Annual rainfall | 638 mm | 648 mm |
| Mean max, January | 28.7°C | 28.8°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Richardson scores higher on walkability (18/100 vs 6/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Monash (1040) sits above Richardson (1034).
- For buyers
- Richardson is the lower entry point at $805,000 median, 10% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Richardson offers the higher gross rental yield (2.78% vs 2.68%), favouring cash-flow investors.
- For families
- Monash edges out on average school ICSEA (1040 vs 1034).
Richardson vs Monash: common questions
Is Richardson or Monash cheaper to buy in?
Richardson has the lower median house price at $805,000, roughly 10% below Monash ($895,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Richardson or Monash have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Monash scores 1040 vs 1034 in Richardson. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Richardson or Monash?
Richardson scores 18/100 on walkability vs 6/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Richardson or Monash?
Gross rental yield on houses is 2.78% in Richardson vs 2.68% in Monash. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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