Suburb Profile Report for Red Hill QLD (4059)

Red Hill House: Median price $861,000, Annual capital growth 5.10%, Number of sales 89, Weekly median advertised rent $545

Red Hill Unit: Median price $500,000, Annual capital growth 4.17%, Number of sales 37, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 2.81% for the last 12 months, Red Hill, 4059 has performed for property investments than its average annual 5.10% property growth over the last 5 years.

Over the longer term, Red Hill has seen property prices show investors a 19.58% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Red Hill are currently offering property investors an average price cut of -7.84% below the asking price at the moment.

Residents and property investors in Red Hill have been waiting around 63.27 days to sell a property.

Property investors should expect to get $545 weekly from the median priced house in this suburb.

Red Hill is in the TOP 10% in QLD when comparing median price capital growth over the last year. Red Hill gave property investors a very good capital gain figure when compared to the rest of the state, with 14.94%.

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.

Property investors looking for a bargain in Red Hill should be aiming for at least -6.29% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Red Hill have been waiting around 89.87 days to sell a property.

The QLD suburb of Red Hill, 4059 is in the Brisbane local government area.

Metrics i HOUSE UNIT
$861,000 $500,000
1.29% -4.76%
2.81% 14.94%
5.10% 4.17%
$545 $395
89 37
3.29% 4.11%
63.27 89.87

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