AREA REPORTS

Red Hill

ACT/
Red hill

Suburb Profile

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

house

Property investments in RED HILL fare well against the rest of the country last year, registering a median home price increase of 4%.

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 $825 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 48.2 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 $1,457,500.

RED HILL ranks 88th on the list of best yielding suburbs for rental properties in ACT, posting a 2.94% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,457,500 N/A
GROWTH REPORT
Median Quarterly -0.51% N/A
Median 12 month 4% N/A
Median 3 years 20.45% N/A
Median 5 years 38.81% N/A
10 years average annual 5.71% N/A
Weekly media advert. rent $825 N/A
Time on Market 48.2 days N/A
Gross Rental Yield Percent 2.94% N/A
demographics (median values)
Total Population
3145
Weekly Household Income
2003
Household Size
2.60
demographics
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