Red Hill is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2603). With a population of 3,146, the suburb has an established demographic with a median age of 42. Households earn a median income of $205K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Red Hill is $2.0 million, having dipped slightly 1.9% over the past year. Units have a median price of $780,000 (+12.2% YoY). The median weekly rent is $500 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,500.
Red Hill is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Unincorporated ACT LGA is low at 1,812 incidents per 100,000 population.
From an investment perspective, Red Hill offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.0M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.0x is considered stretched. House prices have moved -1.9% year-on-year.
Red Hill is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2603). With a population of 3,146, the suburb has an established demographic with a median age of 42. Households earn a median income of $205K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Red Hill is $2.0 million, having dipped slightly 1.9% over the past year. Units have a median price of $780,000 (+12.2% YoY). The median weekly rent is $500 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,500.
Red Hill is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Unincorporated ACT LGA is low at 1,812 incidents per 100,000 population.
From an investment perspective, Red Hill offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.0M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.0x is considered stretched. House prices have moved -1.9% year-on-year.