Suburb Profile Report for Red Hill ACT (2603)

Red Hill House: Median price $1,260,000, Annual capital growth 4.25%, Number of sales 46, Weekly median advertised rent $750

Red Hill Unit: Median price $594,750, Annual capital growth 23.65%, Number of sales 14, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Red Hill, 2603 ranked 37th in ACT when comparing growth in median property values or capital gain over the last 12 months. Red Hill is one of 126 in our list for ACT

Taking the average capital gain, or increase in median house value, Red Hill,2603 has racked up an average of 7.69% over the period. This ranks it number 1859th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Red Hill is giving property investors an average Vendor Discount of around -9.39%. This puts suburb at number 4th in ACT when ranking the most discounted suburbs.

On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.

Advertised rents are around the $750 mark per week – giving a return of 3.10% based on the median price in Suburb

Red Hill, 2603 ranked 66th in ACT when comparing growth in median property values or capital gain over the last 12 months. Red Hill is one of 126 in our list for ACT

Taking the average capital gain, or increase in median house value, Red Hill,2603 has racked up an average of -36.73% over the period. This ranks it number 41th in the whole country for real estate investors looking at median house price increases.

With the median price for a house in Red Hill being $594750 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.06%

Metrics i HOUSE UNIT
$1,260,000 $594,750
0.80% -25.66%
7.69% -36.73%
4.25% 23.65%
$750 $350
46 14
3.10% 3.06%
86 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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