Suburb Profile Report for Red Head NSW (2430)

Red Head House: Median price $606,500, Annual capital growth 4.05%, Number of sales 14, Weekly median advertised rent $390

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Red Head, 2430 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.25%

With the median price for a house in Red Head being $606500 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.34%

Metrics i HOUSE UNIT
$606,500 N/A
9.28% N/A
0.25% N/A
4.05% N/A
$390 N/A
14 N/A
3.34% N/A
N/A N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (U)
Find a mortgage broker in Red Head NSW
Demographics
Total population 395
Median household income ($/weekly) 876
Median age of persons 50
Median housing loan repayment ($/monthly) 1842
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 51 12.9
    35-44 years 43 10.9
    45-54 years 62 15.7
    55-64 years 84 21.2
    65-74 years 68 17.2
    Others 88 22.2
    Age Group
    Census Count Percent(%)
    Registered Married 174 59.6
    Not Married 94 32.2
    Defacto Relationship 24 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 334 86.5
    Greece 6 1.6
    Hong Kong 3 0.8
    Indonesia 3 0.8
    United Kingdom 31 8.0
    Others 9 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 280 74.9
    No Religion 83 22.2
    Buddhism 11 2.9
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 15 10.0
    $400-$599 28 18.7
    $600-$799 15 10.0
    $800-$999 20 13.3
    $1,250-$1,499 17 11.3
    Others 55 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 146 45.3
    Employed, worked full-time 89 27.6
    Employed, worked part-time 62 19.3
    Employed, away from work 15 4.7
    Unemployed, looking for work 10 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 56 33.1
    Technicians & trades workers 22 13.0
    Community & personal service workers 21 12.4
    Clerical & administrative workers 22 13.0
    Labourers 18 10.7
    Others 30 17.8
    Occupation
    Census Count Percent(%)
    Secondary 36 44.4
    Infants/Primary 32 39.5
    Technical or Further Educational Institution 5 6.2
    Other type of educational institution 5 6.2
    Pre-school 3 3.7
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 288 77.6
    Caravan, cabin, houseboat 64 17.3
    Semi-detached, row or terrace house, townhouse 19 5.1
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 89 54.6
    Being purchased 41 25.2
    Rented 33 20.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table