Suburb Profile Report for Red Hill QLD (4059)

Red Hill House: Median price $850,000, Annual capital growth 5.35%, Number of sales 93, Weekly median advertised rent $550

Red Hill Unit: Median price $512,500, Annual capital growth 4.88%, Number of sales 35, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Red Hill has done pretty 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 0.00%

A 23.64% growth in median value for property investors in Red Hill,4059 puts this suburb at number 443th in terms of best performing suburbs in QLD

Red Hill4059 is located in QLD which offers an average discount of -7.16% to property investors. Red Hill itself is showing figures that indicate -7.52% is the average achievable by property buyers investing in the suburb.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.36%, without taking into account capital value appreciation, which has been averaging out at 5.35%.

QLD has seen average median house prices change by 0.48% which means that Red Hill, 4059 has done well for property investors by showing a capital gain of 11.29% over the last year

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.

Our latest figures would indicate that property sellers in Red Hill are currently offering property investors an average price cut of -7.10% below the asking price at the moment.

With the median price for a house in Red Hill being $512500 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.75%

Metrics i HOUSE UNIT
$850,000 $512,500
0.29% 3.54%
0.00% 11.29%
5.35% 4.88%
$550 $370
93 35
3.36% 3.75%
64.6 86.64

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 5546
Median household income ($/weekly) 1909
Median age of persons 32
Median housing loan repayment ($/monthly) 2500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 479 8.6
    20-24 years 614 11.1
    25-34 years 1364 24.6
    35-44 years 1026 18.5
    45-54 years 666 12.0
    Others 1398 25.2
    Age Group
    Census Count Percent(%)
    Not Married 2122 50.9
    Registered Married 1403 33.7
    Defacto Relationship 642 15.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4125 78.7
    Papua New Guinea 191 3.6
    South Africa 39 0.7
    United Kingdom 319 6.1
    Other 200 3.8
    Others 368 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 104 2.1
    Christianity 2817 56.9
    Hinduism 39 0.8
    Islam 35 0.7
    No Religion 1919 38.8
    Others 33 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 244 12.4
    $2,000-$2,499 160 8.1
    $2,500-$2,999 285 14.5
    $3,000-$3,499 185 9.4
    $4,000 or more 206 10.4
    Others 892 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2269 50.9
    Employed, worked part-time 973 21.8
    Not in the labour force 879 19.7
    Unemployed, looking for work 171 3.8
    Employed, away from work 162 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 490 14.4
    Professionals 1423 41.8
    Technicians & trades workers 285 8.4
    Community & personal service workers 312 9.2
    Clerical & administrative workers 413 12.1
    Others 481 14.1
    Occupation
    Census Count Percent(%)
    Pre-school 73 5.2
    Infants/Primary 360 25.7
    Secondary 160 11.4
    Technical or Further Educational Institution 97 6.9
    University or other Tertiary Institutions 674 48.0
    Others 39 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3976 78.3
    Flat, unit or apartment 830 16.4
    Semi-detached, row or terrace house, townhouse 247 4.9
    House or flat attached to a shop, office 22 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1036 48.2
    Being purchased 694 32.3
    Fully owned 410 19.1
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals