At number 1565th in the list of Australian suburbs ordered by increase in median house value over the last year, Red Hill, 2603 is in the top 40% with a property value increase of 9.96% recorded in median house prices.
Red Hill,2603 has offered an average of 9.96% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Red Hill should be aiming for at least -3.22% off the asking price, which is the average vendor discount being achieved at the moment.
A $787.5 per week rent on the median house gives suburb investors a gross yield of circa 2.97%, without taking into account capital value appreciation, which has been averaging out at 4.77%.
Investment property in Red Hill has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -37.56%
Situated 6.63km from the CBD, Red Hill is one of Unincorporated ACT localities in the postcode 2603.