Property intelligence

5/19 Church Street

Richmond 3121 · Apartment · 2 bed · 2 bath · 1 car · built 2019

Estimated value
$730,000
Valuation range
$686,000 – $774,000
Estimated rent
$449/wk
Gross yield
3.2%

Estimate confidence: Moderate. Modelled from suburb medians and recorded transactions — not a valuation or financial advice.

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Transaction history

DateEventMethodAmount
1 September 2023SoldPrivate sale$624,000
1 March 2025LeasedAPU derived record$422/wk

Market context

Signals for Richmond

Demand

Neutral▼ falling

Confidence: Low

Selling times are 2.2% above the five-year norm. Latest reading 38.0 against a five-year average of 37.2.

Latest
38
12 months ago
41.94
5-year average
37.2
5-year range
27.3 – 43.7

Price Momentum

Strong▲ rising

Confidence: High

Annual price growth is 28.0% above the five-year average. Latest reading 1.8 against a five-year average of 1.4.

Latest
1.83
12 months ago
1.05
5-year average
1.43
5-year range
.7 – 2.1

Rental Conditions

Weak▲ rising

Confidence: High

Vacancy is running 22.6% above the historical average. Latest reading 1.9 against a five-year average of 1.6.

Latest
1.9
12 months ago
1.54
5-year average
1.55
5-year range
1.1 – 2.0

Rental Pressure

Soft▼ falling

Confidence: Moderate

Rental growth is 8.7% below the five-year average. Latest reading 5.5 against a five-year average of 6.0.

Latest
5.48
12 months ago
6.01
5-year average
6
5-year range
5.3 – 6.7

Affordability

Firm— flat

Confidence: High

The price-to-rent multiple sits 10.0% below its five-year average. Latest reading 31.4 against a five-year average of 34.9.

Latest
31.43
12 months ago
32.56
5-year average
34.91
5-year range
31.3 – 38.9

Supply

Weak— flat

Confidence: High

Advertised stock is 17.9% above the five-year average. Latest reading 201.5 against a five-year average of 171.0.

Latest
201.52
12 months ago
176.17
5-year average
170.99
5-year range
121.6 – 210.4

Comparable properties

AddressTypeBedsEstimateYield
No comparable properties tracked yet.

Local development activity

  1. Transport

    Suburban Rail Loop East

    Under construction · 2035

    Reshapes access between middle-ring employment centres and lifts development capacity around six new stations.

    Tunnelling underway between Cheltenham and Box Hill; precinct structure planning continues alongside.

  2. Transport

    Metro Tunnel precinct uplift

    Operating · Now

    New CBD-fringe stations are already redirecting rental demand and apartment supply.

    Station catchments at Parkville, Anzac and Arden are the focus of rezoning activity.

  3. Planning reform

    Activity centre rezoning program

    Announced · 2026-2028

    Higher permitted densities across dozens of centres change the medium-term apartment pipeline.

    Watch approval volumes in nominated centres for early supply signals.

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