Suburb Profile Report for Red Hill VIC (3937)

Red Hill House: Median price $705,000, Annual capital growth 4.75%, Number of sales 14, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

With a capital gain of 9.30% for the last 12 months, Red Hill, 3937 has performed for property investments than its average annual 4.75% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Red Hill has given property investors a paper return of 8.46%. This puts Suburb as 47 on a list of fastest fasting appreciating suburbs in VIC

Metrics i HOUSE UNIT
$705,000 N/A
8.46% N/A
9.30% N/A
4.75% N/A
N/A N/A
14 N/A
N/A N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 734
Median household income ($/weekly) 1562
Median age of persons 45
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 96 13.1
    35-44 years 102 13.9
    45-54 years 123 16.8
    55-64 years 137 18.7
    65-74 years 75 10.2
    Others 199 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 292 60.8
    Not Married 136 28.3
    Defacto Relationship 52 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 614 88.1
    New Zealand 6 0.9
    Papua New Guinea 11 1.6
    United Kingdom 39 5.6
    Other 7 1.0
    Others 20 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 324 52.9
    No Religion 275 44.9
    Buddhism 9 1.5
    Judaism 4 0.7
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 16 7.7
    $1,250-$1,499 21 10.1
    $1,500-$1,999 29 13.9
    $2,000-$2,499 27 13.0
    $2,500-$2,999 21 10.1
    Others 94 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 221 38.8
    Employed, worked full-time 182 31.9
    Employed, worked part-time 137 24.0
    Employed, away from work 25 4.4
    Unemployed, looking for work 5 0.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 23.6
    Professionals 88 25.7
    Technicians & trades workers 60 17.5
    Community & personal service workers 33 9.6
    Clerical & administrative workers 25 7.3
    Others 56 16.3
    Occupation
    Census Count Percent(%)
    Pre-school 16 8.9
    Infants/Primary 62 34.4
    Secondary 55 30.6
    Technical or Further Educational Institution 18 10.0
    University or other Tertiary Institutions 26 14.4
    Others 3 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 618 99.5
    House or flat attached to a shop, office 3 0.5
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 110 48.0
    Being purchased 83 36.2
    Rented 32 14.0
    Other tenure type 4 1.7
    Tenure Type
Census 2011, ABS
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