Powered by MOMENTUM MEDIA
AREA REPORTS

Red Hill

Suburb Profile

Red Hill - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2603

house

Property investments in RED HILL did not fare well against the rest of the country last year, registering a median home price decrease of -2.89%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains RED HILL, 2603 saw average growth in the long term.

Real estate investors could earn a rental income of $782.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 65.5 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,430,000.

RED HILL ranks 89th on the list of best yielding suburbs for rental properties in ACT, posting a 2.85% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,430,000 N/A
GROWTH REPORT
Median Quarterly -4.67% N/A
Median 12 month -2.89% N/A
Median 3 years 13.94% N/A
Median 5 years 24.02% N/A
10 years average annual 5.57% N/A
Weekly media advert. rent $782.5 N/A
Time on Market 65.5 days N/A
Gross Rental Yield Percent 2.85% N/A
demographics (median values)
Total Population
3145
Weekly Household Income
2003
Household Size
2.60
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Registration cancelled for dodgy builder

Registration cancelled for dodgy builder

Property investors have been given a timely reminder to check the credentials of their builders following reports of falsifying claims. ...

Housing market

From freefall to housing boom

A turbulent 12 months has seen house prices fall by double digits followed by a “mini boom”, leaving investors wondering what is next fo...

County Court of Victoria

Building developer in hot water over ‘calculated’ GST fraud

A building developer based in Melbourne’s north-east has been sentenced to three years jail after an investigation found he claimed more t...

How to get your child on the property ladder

For mum-and-dad investors: How to get your child on the property ladder

Parents play a critical role in setting their children up for financial success – imbibing the necessary financial skills, knowledge and a...

Queensland

Qld rental reforms a ‘slap in the face’ for investors

“Reckless”, “damaging” and “onerous” are the words being used by an industry body to describe the most significant changes propo...

Cairns, Queensland

The regional areas providing positive ROI

Thinking about investing outside the capital cities? Here are the regional hubs savvy investors are taking advantage of. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.