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.

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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	HOUSE	UNIT
Median price	$606,500	N/A
Quarterly growth	9.28%	N/A
12-month growth	0.25%	N/A
Average Annual Growth	4.05%	N/A
Weekly median advertised rent	$390	N/A
Number of sales	14	N/A
Gross rental yield	3.34%	N/A
Days on market	N/A	N/A

DSR Score for property investment : Above average (H), Below average (U)

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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