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Redhead, NSW 2290

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Redhead, NSW 2290 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Redhead, NSW 2290”

  1. The total adult population (15 years or older) of Redhead 2290 NSW is 3,116, with a median age of 48. Of those, 49.84% are married, 15.47% are divorced or separated, 24.33% are single and 10.43% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $10,736. The median monthly mortgage repayment for households in this suburb is $2,300 which is 21.42% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within New South Wales sits the charming suburb of Redhead 2290, which is home to an estimated 1983 households. As of the 3rd quarter of 2023, the typical property price for houses appears to be $1,164,928, with median weekly rentals standing at $759. With an indicative yield of 3.39%, investors centred on cash flow may find Redhead a potentially attractive destination.

    In terms of socio-economic desirability, this coastal suburb scores a commendable 1035 out of a possible 1217 in the IRSAD evaluation. This figure suggests that Redhead enjoys reasonably high access to economic resources, skilled professions and elevated income levels.

    With a renter to owner ratio of just 13%, Redhead boasts a favourable market, due to there being fewer rental properties which can reduce risk and competition, thereby preserving the suburb’s overall appeal. The Unit to House ratio at a meager 3% denotes a market that is not oversaturated with rental units, which typically means less competition among landlords and potentially longevity in tenancy.

    However, potential investors should note the affordability index for houses in Redhead, currently standing at 42 years. This is above the standard 30-year guideline, suggesting a decreased affordability, a factor that could potentially impact the market’s favourability.

    Furthermore, in examining the supply metrics, the suburb’s stock on market percentage stands at 0.07%, well below the neutral upper limit of 1.3%. Additionally, the inventory level at 0.63 months indicates a substantial absorption rate for new listings, both of which underline the relatively low supply, thereby boosting the market attractiveness. Redhead’s building approval ratio of 1.24% further illustrates a low supply statistic, favourable to would-be investors.

    As for demand, houses average 47 days on the market, suggesting a reasonably high demand. Additionally, the relatively low vacancy rate of 1.16% designates high demand, while the buy search index at 3 signifies a neutral search trend in the market.

    The overall landscape of the Redhead property market for houses appears to hold a substantial appeal, chiefly driven by its favourable socio-economic score, lucrative yield, low supply and reasonable demand. Nevertheless, it’s crucial to consider the relatively high affordability index and monitor market trends for any shifts that could influence future investment decisions. Hence, turning to resources like the RCS (Relative Composite Score) from HtAG Analytics, which incorporates over 80 metrics, can be instrumental in informing your real estate investment strategies intelligently and efficiently.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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