Richmond vs North Richmond.
Comparing two suburbs with median house prices of $950,000 and $1,235,000. Richmond edges out on more headline metrics in this comparison.
Richmond (median $950,000) is roughly 23% cheaper to buy into than North Richmond ($1,235,000). Over the past year, Richmond (+8%) ran 8.0 percentage points ahead of North Richmond (0%) on house-price growth.
Richmond scores higher on walkability (100/100 vs 46/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving North Richmond (995) sits above Richmond (982). North Richmond skews owner-occupied (67%), Richmond runs more rental-dense (51% owner).
For buyers
Richmond is the lower entry point at $950,000 median, 23% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Richmond carries both higher gross yield (3.72% vs 2.74%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
North Richmond edges out on average school ICSEA (995 vs 982). North Richmond also has a higher family-household share (74% vs 56%), so the catchment community skews family-heavy.
Common questions
Is Richmond or North Richmond cheaper to buy in?
Richmond has the lower median house price at $950,000, roughly 23% below North Richmond ($1,235,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Richmond or North Richmond?
Over the past 12 months, Richmond grew +8% vs 0% in North Richmond, a gap of 8.0 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Richmond or North Richmond have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), North Richmond scores 995 vs 982 in Richmond. 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, Richmond or North Richmond?
Richmond scores 100/100 on walkability vs 46/100. 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, Richmond or North Richmond?
Gross rental yield on houses is 3.72% in Richmond vs 2.74% in North Richmond. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Richmond against another suburb