Suburb Profile Report for Red Hill QLD (4059)

Red Hill House: Median price $875,000, Annual capital growth 5.05%, Number of sales 85, Weekly median advertised rent $550

Red Hill Unit: Median price $460,000, Annual capital growth 2.40%, Number of sales 29, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2165th in the list of Australian suburbs ordered by increase in median house value over the last year, Red Hill, 4059 is in the BOTTOM 50% with a property value increase of 6.06% recorded in median house prices.

The five-year average increase in median property values for Red Hill,4059 has given property investors a potential capital gain of 29.63% across each of those five years.

At number 152th of QLD’s most discounted properties, Red Hill is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $6600 per annum or $550 every week.

Over the last year, property investments in Red Hill, 4059 have given investors a capital gain of -7.07%. This compares very badly with the 0.29% for QLD as a whole.

A 10.38% growth in median value for property investors in Red Hill,4059 puts this suburb at number 339th in terms of best performing suburbs in QLD

Vendor discounting in Red Hill is giving property investors an average Vendor Discount of around -6.96%. This puts suburb at number 71th in QLD when ranking the most discounted suburbs.

In the last year 29 properties changed hands in Red Hill, which puts it as the 260th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Red Hill being $460000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.30%

Metrics i HOUSE UNIT
$875,000 $460,000
2.94% -7.07%
6.06% -7.07%
5.05% 2.40%
$550 $380
85 29
3.27% 4.30%
60.2 93.92

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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