Suburb Profile Report for Red Hill ACT (2603)

Red Hill House: Median price $1,450,000, Annual capital growth 4.88%, Number of sales 36, Weekly median advertised rent $825

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

If you compare the increase in value of investment property in Red Hill, 2603 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 3.02%.

A 37.44% growth in median value for property investors in Red Hill,2603 puts this suburb at number 58th in terms of best performing suburbs in ACT

A $825 per week rent on the median house gives suburb investors a gross yield of circa 2.96%, without taking into account capital value appreciation, which has been averaging out at 4.88%.

Metrics	HOUSE	UNIT
Median price	$1,450,000	N/A
Quarterly growth	-0.51%	N/A
12-month growth	3.02%	N/A
Average Annual Growth	4.88%	N/A
Weekly median advertised rent	$825	N/A
Number of sales	36	N/A
Gross rental yield	2.96%	N/A
Days on market	57	N/A

Your estimated repayment
$5,610.07/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Balanced (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