Melbourne
Balwyn vs Richmond
Compare property prices, recent market performance, lifestyle information, schools, transport and current listings across Balwyn and Richmond.
Explore each suburb
Compare the headline stats here, then open each suburb hub, market data page or sell guide for Balwyn and Richmond.
Balwyn and Richmond comparison summary
A concise comparison of the latest property figures and the most relevant differences between the two suburbs.
The latest comparison places Balwyn's median house price at $2,665,000, compared with $1,374,000 in Richmond. Balwyn's median unit price sits at $775,000, compared with $535,000 in Richmond. Balwyn recorded an annual house-price decline of 8%, while Richmond's figure declined by 0% over the matching period. Richmond recorded a shorter median selling period of 25 days, compared with 29 days in Balwyn. The figures show a substantial difference in median house price between Richmond and Balwyn, while other headline measures on this page help place those medians in context. Both suburbs recorded house-price movement in the same direction over the matching annual period.
Side-by-side market snapshot
Compare the latest headline property figures for Balwyn and Richmond.
| Metric | Balwyn | Richmond |
|---|---|---|
| Median house price | $2.67M | $1.39M |
| Median unit price | $850,000 | $595,000 |
| Annual house price change | -7.10% | -0.39% |
| Median days on market | 29 days | 24 days |
Median sale price comparison
Compare historical median sale prices for houses and apartments in Balwyn and Richmond.
- Balwyn
- Richmond
Lifestyle comparison
Compare local shopping, dining, open space and everyday amenities across Balwyn and Richmond.
Balwyn
Balwyn offers a more outdoors-focused lifestyle, with parks, trails and open spaces forming a strong part of the local amenity mix, with Beckett Park among the area's notable open spaces. Everyday shopping, transport and health services remain accessible throughout the suburb, while green space provides a clear point of difference in how the suburb feels day to day.
Richmond
Richmond presents a mixed residential lifestyle where dining and cafés, parks and open space, everyday shopping and services and train, tram and bus and road access share prominence, with Royal Botanic Gardens Victoria - Melbourne Gardens among the area's notable open spaces. The suburb supports practical day-to-day routines without leaning heavily on a single amenity type or evening economy.
School comparison
Review nearby schools and education options listed for Balwyn and Richmond.
Balwyn
Richmond
Melbourne Girls College
Government
55 Yarra Blvd, Richmond VIC 3121, Australia
Yarra Primary School
Government
68-76 Davison St, Richmond VIC 3121, Australia
Richmond Primary School
Government
Brighton St, Richmond VIC 3121, Australia
Richmond West Primary School
Government
25 Lennox St, Richmond VIC 3121, Australia
Richmond High School
Government
4 Griffiths St, Richmond VIC 3121, Australia
Melbourne Indigenous Transition School
Independent
371 Church St, Richmond VIC 3121, Australia
Transport comparison
Compare train, tram, bus and road connections available across Balwyn and Richmond.
Both Richmond and Balwyn provide excellent public transport, but they cater to different commuting needs. Richmond offers quick access to Melbourne's CBD via Richmond and East Richmond stations, supported by frequent tram services along Swan Street and Church Street. Balwyn is served by Canterbury and Chatham stations on the Lilydale, Belgrave and Alamein lines, alongside multiple tram routes along Whitehorse Road. While both suburbs are well connected, Richmond is often preferred for fast inner-city access, whereas Balwyn offers broader rail connectivity across Melbourne's eastern suburbs.
| Feature | Balwyn | Richmond |
|---|---|---|
| Closest station | Canterbury | Richmond |
| Major trams | 109, 72 | 70, 78, 12, 109 |
| Bus routes | Yes | Yes |
Comparison verdict
A final comparison based on the available property, lifestyle, school and transport information.
Richmond may suit buyers prioritising a lower median entry price, while Balwyn sits at a higher headline house median on the latest snapshot. Both suburbs may suit buyers comparing apartment-oriented housing on the latest sales mix. Richmond lists 9 nearby schools compared with 3 in Balwyn under the same search rules. Transport pages for Balwyn and Richmond cover train, tram and bus and road connections. The better fit depends on buyer priorities, so compare individual properties, school requirements, transport routes and current listings for Balwyn and Richmond.
Current properties for sale
View currently available properties in Balwyn and Richmond alongside the broader suburb comparison.
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