Suburb Profile Report for Red Hill QLD (4059)

Red Hill House: Median price $850,000, Annual capital growth 5.27%, Number of sales 91, Weekly median advertised rent $550

Red Hill Unit: Median price $497,500, Annual capital growth 5.42%, 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

Red Hill is an average performer in QLD when comparing median price capital growth over the last year. Red Hill gave property investors a average capital gain figure when compared to the rest of the state, with 1.19%.

Across a shorter period, Red Hill, 4059 has seen a median price increase of 1.49% over the last quarter.

The most recent median price for Red Hill is $850000, with sellers offering an average of -6.57% off the asking price.

In the last year 91 properties changed hands in Red Hill, which puts it as the 263th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 5.27%, investors should hope to achieve an overall return of 3.36%

Red Hill, 4059 ranked 32th 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

A 11.52% growth in median value for property investors in Red Hill,4059 puts this suburb at number 123th in terms of best performing suburbs in QLD

Red Hill4059 is located in QLD which offers an average discount of -6.05% to property investors. Red Hill itself is showing figures that indicate -7.47% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Red Hill the average time real estate has been on the market is 85.2 days.

Red Hill is 357th on a list of best yielding suburbs for rents in QLD with a 3.87% return

Metrics i HOUSE UNIT
$850,000 $497,500
1.49% 0.51%
1.19% 13.97%
5.27% 5.42%
$550 $370
91 35
3.36% 3.87%
59.54 85.2

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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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Recent sales & rentals