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Red Hill, VIC 3937
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,655,000
list-price estimate
Median Unit
$735,000
Gross Yield (houses)
2.4%
1yr Growth (houses)
-0.7%
market range -2.5% to +5.0%
Investment snapshot for Red Hill
Red Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Red Hill market and investor summary
In Red Hill, VIC 3937, houses show a gross rental yield of 2.4%. House prices have moved -0.7% over the past year and -23.4% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking. Houses also take time to sell, around 69 days on market, so plan for a slower exit if you ever need one.
Living in Red Hill: people, income and schools
About 1,009 people live in Red Hill, a number that has held fairly steady over five years. The median age is 50, an older, established demographic, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $122,000 a year, or roughly $2,340 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
There are 3 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 62 km from the CBD. It is fairly car-dependent; the suburb scores 1 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,009
- +2% over 5yr
- Median age
- 50 years
- Median household income
- $122,000/yr
- Households renting
- 14%
- Family households
- 81%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1028
- Unemployment
- 0.8%
- Distance to CBD
- 62 km
- Walk score
- 1/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Red Hill
No properties currently listed in Red Hill
Search Red Hill listings →Frequently asked questions about Red Hill
What should I check before investing in Red Hill?
Red Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Red Hill?
The median property price in Red Hill, VIC 3937 is $735K for units.
What rental yield does Red Hill show?
The gross rental yield in Red Hill is 2.4% for houses and 2.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Red Hill?
House prices in Red Hill are down 0.7% over the past year and down 23.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Red Hill?
The current vacancy rate in Red Hill is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Red Hill?
Red Hill has a population of approximately 1,009 residents, with a median age of 50.
What schools are near Red Hill?
There are 3 schools within roughly 5km of Red Hill. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Red Hill's population growing?
The population of Red Hill has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Red Hill from the CBD?
Red Hill is about 62 km from the CBD.
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