Redhead is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 3,785, the suburb has a mature demographic with a median age of 48. Households earn a median income of $83K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Redhead is $1.8 million, having dipped slightly 1.4% over the past year. Units have a median price of $783,000 (+17.8% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 2.0%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Redhead offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 21.5x is considered stretched. House prices have moved -1.4% year-on-year.
Redhead is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 3,785, the suburb has a mature demographic with a median age of 48. Households earn a median income of $83K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Redhead is $1.8 million, having dipped slightly 1.4% over the past year. Units have a median price of $783,000 (+17.8% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 2.0%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Redhead offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 21.5x is considered stretched. House prices have moved -1.4% year-on-year.