Richmond is an inner city suburb of Melbourne, Victoria, Australia. It is in the Local Government Area of the City of Yarra. The suburb has been the subject of gentrification since the early 1990s and is now an eclectic mix of expensively converted warehouse residences, public housing high-rise flats and Victorian-era terrace houses, along with a lively retail sector and a shrinking industrial and manufacturing base. The suburb is well known for its textile industry, in particular, popular factory outlets centred along Bridge Road.