At number 1223th in the list of Australian suburbs ordered by increase in median house value over the last year, Red Hill, 2603 is in the top 30% with a property value increase of 10.09% recorded in median house prices.
The five-year average increase in median property values for Red Hill,2603 has given property investors a potential capital gain of 32.11% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Red Hill, 2603. Typically our figures indicate that -21.74% is being offered, which puts this ACT suburb at 8th most discounted overall in Australia.
Advertised rents are around the $750 mark per week – giving a return of 3.11% based on the median price in Suburb
Red Hill is in the TOP 10% in ACT when comparing median price capital growth over the last year. Red Hill gave property investors a very good capital gain figure when compared to the rest of the state, with 49.21%.
Advertised rents are around the $340 mark per week – giving a return of 1.88% based on the median price in Suburb