Suburb Profile Report for Redhead NSW (2290)

Redhead House: Median price $850,000, Annual capital growth 5.15%, Number of sales 37, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report

Property value increases in Redhead have tracked just lower than the NSW average of 9.74% over the last 12 months.

Over the longer term, Redhead has seen property prices show investors a 8.80% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Redhead 2290 should be seeing an average reduction in asking price of around -4.59% . This means that Redhead is holding prices well when compared to other suburbs in NSW.

At number 941 in a list of fastest selling suburbs, Redhead is in the TOP 30% of suburbs in Australia with an average of days on market 57.55 for properties listed there.

The NSW suburb of Redhead, 2290 is in the Lake Macquarie local government area.

Metrics i HOUSE UNIT
$850,000 N/A
2.29% N/A
3.66% N/A
5.15% N/A
$480 N/A
37 N/A
2.94% N/A
57.55 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3453
Median household income ($/weekly) 1032
Median age of persons 45
Median housing loan repayment ($/monthly) 2080
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 421 12.2
    35-44 years 463 13.4
    45-54 years 525 15.2
    55-64 years 439 12.7
    65-74 years 377 10.9
    Others 1228 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 1435 54.9
    Not Married 1004 38.4
    Defacto Relationship 173 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3000 89.2
    Greece 18 0.5
    Papua New Guinea 33 1.0
    United Kingdom 146 4.3
    Other 42 1.2
    Others 126 3.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 1.2
    Christianity 2530 78.3
    Hinduism 6 0.2
    Islam 8 0.2
    No Religion 644 19.9
    Others 5 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 127 10.6
    $400-$599 200 16.8
    $600-$799 104 8.7
    $1,500-$1,999 109 9.1
    $2,500-$2,999 101 8.5
    Others 552 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1102 40.3
    Employed, worked full-time 904 33.0
    Employed, worked part-time 570 20.8
    Employed, away from work 102 3.7
    Unemployed, looking for work 59 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 367 23.2
    Technicians & trades workers 238 15.1
    Community & personal service workers 170 10.8
    Clerical & administrative workers 236 14.9
    Sales 172 10.9
    Others 397 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 75 9.1
    Infants/Primary 288 34.9
    Secondary 241 29.2
    Technical or Further Educational Institution 67 8.1
    University or other Tertiary Institutions 140 16.9
    Others 15 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2950 90.4
    Caravan, cabin, houseboat 127 3.9
    Semi-detached, row or terrace house, townhouse 109 3.3
    Flat, unit or apartment 74 2.3
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 674 51.8
    Being purchased 405 31.1
    Rented 201 15.4
    Other tenure type 22 1.7
    Tenure Type
Census 2011, ABS
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