Suburb Profile Report for Red Hill ACT (2603)

Red Hill House: Median price $1,450,000, Annual capital growth 5.69%, Number of sales 36, Weekly median advertised rent $763

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

Source: CoreLogic

  • House Report

Red Hill, 2603 ranked 9th in ACT when comparing growth in median property values or capital gain over the last 12 months. Red Hill is one of 126 in our list for ACT

Comparing Red Hill,2603 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Red Hill, 2603 is offering ACT ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this ACT.

At number 2404 in a list of fastest selling suburbs, Red Hill is in the bottom 40% of suburbs in Australia with an average of days on market 84.18 for properties listed there.

Red Hill, 2603’s gross rental yield is 2.73%

Metrics i HOUSE UNIT
$1,450,000 N/A
2.29% N/A
14.85% N/A
5.69% N/A
$763 N/A
36 N/A
2.73% N/A
84.18 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 3248
Median household income ($/weekly) 2504
Median age of persons 41
Median housing loan repayment ($/monthly) 2709
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 480 14.8
    25-34 years 282 8.7
    35-44 years 377 11.6
    45-54 years 523 16.1
    55-64 years 418 12.9
    Others 1169 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 1144 51.4
    Not Married 899 40.4
    Defacto Relationship 183 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2302 73.7
    Indonesia 40 1.3
    Japan 40 1.3
    United Kingdom 173 5.5
    Other 191 6.1
    Others 379 12.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 75 2.5
    Christianity 1992 66.0
    Hinduism 47 1.6
    Islam 54 1.8
    No Religion 822 27.2
    Others 28 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 82 8.4
    $2,500-$2,999 135 13.9
    $3,000-$3,499 90 9.3
    $3,500 -$3,999 68 7.0
    $4,000 or more 201 20.7
    Others 395 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 998 39.3
    Not in the labour force 919 36.2
    Employed, worked part-time 482 19.0
    Employed, away from work 77 3.0
    Unemployed, looking for work 66 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 333 21.4
    Professionals 587 37.7
    Community & personal service workers 121 7.8
    Clerical & administrative workers 225 14.4
    Sales 103 6.6
    Others 190 12.2
    Occupation
    Census Count Percent(%)
    Pre-school 46 4.7
    Infants/Primary 308 31.5
    Secondary 333 34.0
    Technical or Further Educational Institution 52 5.3
    University or other Tertiary Institutions 223 22.8
    Others 17 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2279 79.4
    Flat, unit or apartment 319 11.1
    Semi-detached, row or terrace house, townhouse 273 9.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 404 37.3
    Rented 369 34.1
    Being purchased 291 26.9
    Other tenure type 19 1.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals