Suburb Profile Report for Red Hill ACT (2603)

Red Hill House: Median price $1,375,000, Annual capital growth 5.03%, Number of sales 43, Weekly median advertised rent $788

Red Hill Unit: Median price $594,750, Annual capital growth 24.46%, Number of sales 22, Weekly median advertised rent $365

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Red Hill has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 9.56% to date .

Red Hill,2603 has offered an average of 9.56% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Red Hill is giving property investors an average Vendor Discount of around -3.22%. This puts suburb at number 37th in ACT when ranking the most discounted suburbs.

With the median price for a house in Red Hill being $1375000 and the advertised rent reaching $787.5 the gross rental yield for property investors calculates out to be 2.98%

With a capital gain of -36.73% for the last 12 months, Red Hill, 2603 has performed for property investments than its average annual 24.46% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Red Hill comes in at number 2nd in ACT.

Metrics i HOUSE UNIT
$1,375,000 $594,750
8.91% N/A
9.56% -36.73%
5.03% 24.46%
$788 $365
43 22
2.98% 3.19%
68.08 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 3248
Median household income ($/weekly) 2504
Median age of persons 41
Median housing loan repayment ($/monthly) 2709
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 480 14.8
    25-34 years 282 8.7
    35-44 years 377 11.6
    45-54 years 523 16.1
    55-64 years 418 12.9
    Others 1169 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 1144 51.4
    Not Married 899 40.4
    Defacto Relationship 183 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2302 73.7
    Indonesia 40 1.3
    Japan 40 1.3
    United Kingdom 173 5.5
    Other 191 6.1
    Others 379 12.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 75 2.5
    Christianity 1992 66.0
    Hinduism 47 1.6
    Islam 54 1.8
    No Religion 822 27.2
    Others 28 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 82 8.4
    $2,500-$2,999 135 13.9
    $3,000-$3,499 90 9.3
    $3,500 -$3,999 68 7.0
    $4,000 or more 201 20.7
    Others 395 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 998 39.3
    Not in the labour force 919 36.2
    Employed, worked part-time 482 19.0
    Employed, away from work 77 3.0
    Unemployed, looking for work 66 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 333 21.4
    Professionals 587 37.7
    Community & personal service workers 121 7.8
    Clerical & administrative workers 225 14.4
    Sales 103 6.6
    Others 190 12.2
    Occupation
    Census Count Percent(%)
    Pre-school 46 4.7
    Infants/Primary 308 31.5
    Secondary 333 34.0
    Technical or Further Educational Institution 52 5.3
    University or other Tertiary Institutions 223 22.8
    Others 17 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2279 79.4
    Flat, unit or apartment 319 11.1
    Semi-detached, row or terrace house, townhouse 273 9.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 404 37.3
    Rented 369 34.1
    Being purchased 291 26.9
    Other tenure type 19 1.8
    Tenure Type
Census 2011, ABS
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