Red Head is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 798, the suburb has an older demographic with a median age of 58. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Red Head is $320,000, having dropped significantly 64% over the past year. Units have a median price of $720,000 (+50% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 8.0%. The median monthly mortgage repayment is $1,863.
Public transport access includes 15 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Red Head offers a gross rental yield of 8.0%, rated as high yield. Property prices sit below the state median ($320K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.0x is considered affordable. House prices have moved -64.0% year-on-year.
Red Head is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 798, the suburb has an older demographic with a median age of 58. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Red Head is $320,000, having dropped significantly 64% over the past year. Units have a median price of $720,000 (+50% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 8.0%. The median monthly mortgage repayment is $1,863.
Public transport access includes 15 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Red Head offers a gross rental yield of 8.0%, rated as high yield. Property prices sit below the state median ($320K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.0x is considered affordable. House prices have moved -64.0% year-on-year.