Suburb Profile Report for Red Hill QLD (4059)

Red Hill House: Median price $805,000, Annual capital growth 5.53%, Number of sales 92, Weekly median advertised rent $550

Red Hill Unit: Median price $435,000, Annual capital growth 5.27%, Number of sales 23, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Red Hill is in the bottom 40% in QLD when comparing median price capital growth over the last year. Red Hill gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.37%.

Red Hill,4059 has offered an average of -0.37% return per annum in house price rises to property investors over the last three years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Red Hill itself are offering an average vendor discount of -4.92% to real estate investors.

Residents and property investors in Red Hill have been waiting around 57.77 days to sell a property.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

Red Hill, 4059 ranked 247th in QLD when comparing growth in median property values or capital gain over the last 12 months. Red Hill is one of 2415 in our list for QLD

When looking at the potential capital gains offered to property investors over the last 3 years, Red Hill comes in at number 231th in QLD.

Property investors looking for a bargain in Red Hill should be aiming for at least -6.92% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

HOUSE UNIT
$805,000 $435,000
-3.88% 5.89%
-0.37% -2.68%
5.53% 5.27%
$550 $380
92 23
3.55% 4.54%
57.77 64.55

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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