Red Hill (postcode 3937) is a small locality in Victoria within the Mornington Peninsula local government area. The area has roughly 1,009 residents and an older-leaning population, with a median age of 50. Households earn a median income of $122K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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, managers, technicians & trades. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median weekly rent is $461 (Census 2021). The median monthly mortgage repayment is $2,167.
Red Hill is served by 1 school, including 1 primary. The average ICSEA score is 1085, which is above the national average of 1,000. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.