Redhead is a compact suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). It is home to about 3,785 residents, with an older-leaning population and a median age of 48. Households earn a median income of $83K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Redhead sit at $1.7 million, little changed on a year ago. Units have a median price of $1.1 million (+15.7% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,300.
Redhead is served by 1 school, including 1 primary. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
On the investment side, Redhead shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 20.2x is considered stretched. House prices have moved -0.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.