Property investors who have had real estate in Red Hill, 2603 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.73%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Red Hill has increased when compared to the 5 year average annual rate.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Red Hill itself are offering an average vendor discount of -21.74% to real estate investors.
Situated 6.63km from the CBD, Red Hill is one of Unincorporated ACT localities in the postcode 2603.
The five-year average increase in median property values for Red Hill,2603 has given property investors a potential capital gain of 140.23% across each of those five years.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.