HomeLocationsMelbourneRichmond
Vietnamese culinary hub, sport-adjacent, gentrifying

Opening a Business in
Richmond, Melbourne

Richmond is Melbourne's Vietnamese restaurant hub on Victoria Street, combined with a thriving Church Street café and boutique retail precinct. The suburb benefits from MCG and stadiums driving massive event day trade.

Population
~25,000
Avg Income
$78,000
Foot Traffic
High
Parking
Difficult
Rent Range
$3,500–$9,000/month

Demand by Business Type

How well does Richmond suit each type of business?

Cafes
RECOMMENDED
88/100
Restaurants
RECOMMENDED
93/100
Retail
RECOMMENDED
80/100
Gyms
68/100
Takeaway
RECOMMENDED
90/100

Market Insight

Richmond's Victoria Street is Australia's best Vietnamese restaurant precinct, drawing diners citywide. MCG event days create exceptional revenue spikes. Church Street supports quality café and boutique trade for the professional residential base.

— Locatalyze Market Analysis

Top Commercial Streets

Victoria Street
Church Street
Swan Street

Nearby Traffic Drivers

MCG
AAMI Park
Richmond Station
Bridge Road shopping

Best suited for

Business types with strong opportunity in Richmond

Restaurants Cafes Takeaway Retail

Tougher market

Gyms

Who shops here

Vietnamese-Australian community, professionals, foodies, sports crowds
Suburb Vibe
Vietnamese culinary hub, sport-adjacent, gentrifying

Other Suburbs in Melbourne

Fitzroy
Artisan, bohemian, café-obsessed, creative industry
Very High traffic
Brunswick
Multicultural, alternative, student, vinyl-and-coffee
High traffic
South Yarra
Glamorous, fashion-forward, premium dining, aspirational
Very High traffic
St Kilda
Beach, bohemian, tourist, nightlife, multicultural
Very High traffic
Analyse a Specific Address in Richmond
Get exact scores for your chosen location — competitor density, foot traffic estimate, and financial projections
Run a Location Analysis →