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Suburb Insights ยท VIC 3518

Richmond Plains 3518, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Richmond Plains is a regional centre in Victoria, Australia, with a population of approximately 9, making it a boutique locality. Located approximately 205 km from the Melbourne CBD, Richmond Plains is a regional area in Victoria. The median household income is $116,948 AUD per year (ABS 2021 Census).

Investment Score

50 / 100 Moderate

Richmond Plains benefits from a high-income resident base, supporting premium property pricing. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Richmond Plains, Victoria, Australia.

Key Indicators

Postcode
3518

Official Australia Post postcode for Richmond Plains. A postcode may cover multiple suburbs.

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Population
9

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
N/A

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$116,948/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
205 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
N/A

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
N/A

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Richmond Plains serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. A median household income of $116,948/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Holding property in Richmond Plains over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Richmond Plains's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Renovation or flip strategies in Richmond Plains face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Richmond Plains property

Full Property Analysis

30-year projections for Richmond Plains

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Price movement in Richmond Plains is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Richmond Plains may face longer tenant search times; competitive pricing will be important. Richmond Plains offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Richmond Plains a good suburb for investment?

Richmond Plains is a regional area in Victoria with a population of 9. the median household income is $116,948/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Richmond Plains?

Key demand drivers in Richmond Plains include regional employment hubs, lifestyle, and affordability. The area has approximately 1 schools and 1 parks nearby.

What is the population of Richmond Plains?

According to the ABS 2021 Census, Richmond Plains has a population of approximately 9. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Richmond Plains from the Melbourne CBD?

Richmond Plains is approximately 205 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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