Melbourne
Malvern vs Richmond
Compare property prices, recent market performance, lifestyle information, schools, transport and current listings across Malvern and Richmond.
Explore each suburb
Compare the headline stats here, then open each suburb hub, market data page or sell guide for Malvern and Richmond.
Malvern 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 Malvern's median house price at $2,765,500, compared with $1,374,000 in Richmond. Malvern's median unit price sits at $647,500, compared with $535,000 in Richmond. Malvern recorded annual house-price growth of 3.2%, while Richmond's figure declined by 0% over the matching period. Selling times were similar, with median days on market of 27 days in Malvern and 25 days in Richmond. The figures show a substantial difference in median house price between Richmond and Malvern, while other headline measures on this page help place those medians in context. Current selling timelines remain closely aligned on the latest days-on-market figures for both suburbs.
Side-by-side market snapshot
Compare the latest headline property figures for Malvern and Richmond.
| Metric | Malvern | Richmond |
|---|---|---|
| Median house price | $2.77M | $1.39M |
| Median unit price | $670,000 | $595,000 |
| Annual house price change | +2.62% | -0.39% |
| Median days on market | 27 days | 24 days |
Median sale price comparison
Compare historical median sale prices for houses and apartments in Malvern and Richmond.
- Malvern
- Richmond
Lifestyle comparison
Compare local shopping, dining, open space and everyday amenities across Malvern and Richmond.
Malvern
Malvern is shaped by its concentration of cafés, restaurants and evening venues, with food and drink forming a noticeable part of everyday life rather than a background convenience. Parks, trails and open space provide balance within the suburb, while train, tram and bus and road connections and everyday shopping support practical access across the area.
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 Malvern and Richmond.
Malvern
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 Malvern and Richmond.
Both Richmond and Malvern 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. Malvern is served by Malvern and Gardiner stations on the Frankston, Sandringham, Glen Waverley and Cranbourne lines, alongside multiple tram routes along Glenferrie Road — Malvern terminus to CBD via Prahran. While both suburbs are well connected, Richmond is often preferred for fast inner-city access, whereas Malvern offers broader rail connectivity across Melbourne's eastern suburbs.
| Feature | Malvern | Richmond |
|---|---|---|
| Closest station | Malvern | Richmond |
| Major trams | 6, 5, 16, 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 Malvern 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 Malvern under the same search rules. Transport pages for Malvern and Richmond cover train, tram and bus and road connections. Current days-on-market figures are similar, so the clearer distinction may lie in pricing, housing mix and local amenities rather than selling speed.
Current properties for sale
View currently available properties in Malvern and Richmond alongside the broader suburb comparison.
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