65 Off the Plan & New Apartments for Sale in Richmond, VIC 3121, and 42 other Off the Plan & New Apartments nearby

New real estate and apartments for sale Richmond Vic 3121

Here are a few things you should know about Richmond:

• Richmond is one of Melbourne's oldest inner-city suburbs, situated a handful of kilometres east of Melbourne's CBD.
• Richmond has a good mix of property types and new development has skewed toward medium and high density.

Traditionally a working-class suburb, Richmond has seen many changes to its demographics over the years.

Its proximity to central Melbourne is one of the major selling points and the mini-suburb of Cremorne within Richmond is increasingly attracting new employment to the area.

Apartment developments broadly occur on or near main roads through the suburb - those like Swan Street, Bridge Road and Church street.

Developers tend to offer a range of bedroom configurations in their projects - 2 bedrooms is the standard size but smaller and larger apartment sizes are commonplace.

Likewise, other features such as larger common areas, parking spaces, and integrated retail at the ground level, are often present in new developments for sale in Richmond.

We aim to simplify your property buying journey here at Urban

When beginning your search for your new home or your next investment, we aim to make it easy and connect you with agents as fast as possible.

Registering your interest using the forms provided on any of the listings you see on this page will help us put you in contact with a qualified sales professional sooner.

If you would like to refine your search and nominate your budget - for instance - you can do so using the filters provided at the top of this page.

Richmond lifestyle

Richmond's location means it has excellent access to all the destinations and amenities that central Melbourne has to offer.

We couldn't talk about Richmond and not mention the Melbourne Cricket Ground - the G is an easy walk from most parts of the suburb.

Because new developments are concentrated near high streets, your new apartment in Richmond will be a stone's throw away from great cafes, bars, restaurants as well as all the necessary retail outlets you need for day-to-day living.

Richmond station has dozens of trains an hour running through it to the city, Melbourne's east, southeast, and south, and Melbourne's tram network extends into Richmond on multiple routes - making it easy to get to Richmond's surrounding suburbs.

Planning for Richmond

The Victorian Government's School Building Authority completed a brand new Richmond High School with two campuses across 2018 and 2019.

Richmond is a key hub in Melbourne's wider metropolitan rail network and broadly speaking any project that affects a line that runs through Richmond, benefits Richmond.

The Melbourne Metro Tunnel will divert some lines away from Richmond station when it opens in 2025 but by 2029, Richmond residents will be able to walk out of their apartment, get a train to the city and then change to a train to Melbourne airport from Flinders Street or Melbourne Central.

Off the plan apartments for sale in Richmond Vic

The process of buying off the plan apartments in Victoria

Buying an apartment off the plan is a highly individualised process, however there are some key milestones that we can outline.  

Interested buyers will often need to first pay a refundable fee (generally $1000) to reserve a specific unit and again, generally speaking, that reservation will be active until such time as a contract for purchase is signed. 

• If the buyer elects not to proceed, the reservation fee will be refunded. 
• If the buyer elects to proceed with the purchase, broadly speaking, a contract will need to be signed and a 10% deposit (minus the reservation fee already paid) will need to be paid.

Contract signing and taking all the deposits is a key milestone for the developer as, broadly speaking, they will use them as collateral to secure financing for the construction of the new property. 

When construction of the building has been completed, developers will generally contact you and set up a time to complete the settlement of the transaction.

Settlement is the process of exchanging any deeds and it is when you need to have your finances in order so your bank or another financial provider can then pay the developer for your new home.