POINT OF INTEREST:
Sitting at the very centre of Richmond's newest boutique office development, Building 8 at 45 Vere Street is a wonderful example of modern office convenience combined with the rich industrial heritage that Richmond is known for. Featuring 146sqm* of office space across three levels, including dedicated boardroom facilities, open plan work areas, informal meeting areas and outdoor space courtesy of a north-facing balcony. Conveniently located just minutes from West Richmond train station, Bridge Road, Church Street and Victoria Street trams, and a plethora of retail amenity and lifestyle along Bridge Road. For the more active occupiers, Citizens Park, the Richmond Recreation Centre and Main Yarra Trail are just a short stroll away.
The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of total area. The population of Richmond in 2016 was 27705 people. By 2021 the population was 28587 showing a population growth of 3.2% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Richmond work in a professional occupation.In 2021, 43.00% of the homes in Richmond were owner-occupied compared with 40.80% in 2016.
Richmond has 22,564 properties. Over the last 5 years, Houses in Richmond have seen a 10.41% increase in median value, while Units have seen a 5.11% increase. As at 31 December 2025:
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