ACT/
Red hill

Suburb Profile

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

house
unit

Property investments in RED HILL did not fare well against the rest of the country last year, registering a median home price decrease of 9.96%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, 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 $787.5 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 68.0 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 $1,380,000.

RED HILL ranks 81st on the list of best yielding suburbs for rental properties in ACT, posting a 2.97% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,380,000 $594,750
GROWTH REPORT
Median Quarterly 5.54% N/A
Median 12 month 9.96% -37.56%
Median 3 years 19.69% 72.64%
Median 5 years 19.33% -9.41%
10 years average annual 4.77% 32.06%
Weekly media advert. rent $787.5 $380
Time on Market 68.0 days 0.0 days
Gross Rental Yield Percent 2.97% 3.32%
demographics (median values)
Total Population
3145
Weekly Household Income
2003
Household Size
2.60
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