The post-budget guide to commercial property investing

Redhead

POSTAL CODE: NSW, 2290
HOUSE

Property investments in REDHEAD fare well against the rest of the country last year, registering a median home price increase of 13.21%.

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 REDHEAD, 2290 saw average growth in the long term.

Real estate investors could earn a rental income of $900 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 73.3 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 $1,842,500.

REDHEAD ranks 919th on the list of best yielding suburbs for rental properties in NSW, posting a 2.54% return.

Surburb overview

Redhead is a coastal suburb in the City of Lake Macquarie, NSW, with postcode 2290, situated between Dudley, Jewells and Belmont North on the Pacific Ocean. 

The suburb is about 15 kilometres south-west of Newcastle’s central business district, with Redhead Road and surrounding roads providing connections towards Charlestown, Belmont and other Lake Macquarie centres.

The 2021 Census recorded about 3,900 residents in Redhead, with separate houses being the predominant type of housing. Residential development is concentrated inland, while bushland, wetlands, and conservation areas occupy substantial parts of the surrounding landscape.

Redhead does not have a railway station, making buses and private vehicles the main modes of transport for residents. Bus services connect Redhead with Charlestown, Belmont and neighbouring suburbs, where passengers can access additional public transport routes.

Redhead Public School provides primary education within the suburb, while secondary schools and additional education facilities are available in nearby Belmont, Gateshead and Whitebridge.

Local shops provide access to some everyday goods and services, while larger supermarkets and retail centres are available at Belmont, Mount Hutton and Charlestown.

Medical centres, pharmacies and allied healthcare providers operate in surrounding centres, with Belmont Hospital at Croudace Bay providing hospital services to the wider district.

Redhead Beach extends along the suburb’s Pacific Ocean frontage and provides opportunities for swimming, surfing, fishing and beach walking. Redhead Surf Life Saving Club operates at the beach, with patrols provided during designated periods.

Awabakal Nature Reserve protects coastal heath, forest, and wetland environments between Redhead and Dudley and features walking tracks through the natural landscape. The Fernleigh Track passes near Redhead and provides a shared walking and cycling route through the wider Newcastle and Lake Macquarie area.

Nearby Belmont Wetlands State Park contains coastal bushland, wetlands and beach environments used for permitted outdoor recreation. Webb Park and other local reserves provide playgrounds, open space and additional opportunities for informal recreation within Redhead.

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