Red Hill is an average performer in ACT when comparing median price capital growth over the last year. Red Hill gave property investors a good capital gain figure when compared to the rest of the state, with 7.46%.
Taking the average capital gain, or increase in median house value, Red Hill,2603 has racked up an average of 7.46% over the period. This ranks it number 1353th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -13.95% to buyers in Red Hill at the moment, which is less than average for the rest of ACT.
Renters in Suburb are facing rents around $9000 per annum or $750 every week.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 33.98%, investors should hope to achieve an overall return of 1.83%