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Red Hill, QLD 4059

Home » QLD Real Estate Data » Inner Brisbane, QLD » Red Hill, QLD 4059

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 Red Hill, QLD 4059 located in Brisbane 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 

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Red Hill, QLD 4059”

  1. The total adult population (15 years or older) of Red Hill 4059 QLD is 4,980, with a median age of 33. Of those, 34.98% are married, 9.40% are divorced or separated, 53.88% are single and 1.91% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $13,500. The median monthly mortgage repayment for households in this suburb is $2,700 which is 20.00% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in QLD, the suburb of RED HILL 4059 encompasses approximately 2,922 households. As we step into Q3 of 2023, the typical price for houses stands at $1,538,069. The weekly median rent for houses in this area sits at $701, culminating in an indicative yield of 2.37%.

    The reported IRSAD score is 1,127 out of 1,217, placing the socio-economic fabric of the suburb well above average. This reflects a promising level of access to economic resources and a high concentration of skilled professionals within the population.

    However, the renter to owner ratio, standing at 46%, positions the market as slightly skewed towards rental, highlighting the possibility of high competition among property investors and a potential reduction in long-term returns.

    The units to houses ratio in RED HILL 4059 is reported at 17%, implying a healthy residence landscape dominated by houses. This could potentially mean less competition among landlords for tenants and suggests the probability of extended tenancy periods and enhanced rental yields.

    Though the affordability index for this suburb is higher than usual, with it taking about 45 years to fully own a house. This indicates that this market caters predominantly to a higher income bracket.

    In terms of supply, RED HILL 4059 exhibits a favourable market landscape, with a stock on market percentage for houses at 0.35%. The inventory level for houses also falls within the optimistic category at 1.15 months, and the building approval ratio sits at a low 0.1%.

    The average number of days houses stay on market before being snapped up is around 44, moving a little beyond what is perceived as high demand. The combined vacancy rate for houses and units sits comfortably at 1.64%, hinting towards a market in high demand.

    The buy search index for houses stands above average at 6. This indicates a strong demand for properties in this area, which is a favourable point for property investors.

    Analysis of these statistics suggests that while some metrics might fall into unfavourable ranges, majority of them reflect an overall positive trend in the area.

    Remember, a well-informed property investment decision involves not only consideration of current circumstances but also trend prediction. Understanding these metrics could help investors plan effectively, minimise risks, and maximise return on investment in the long run.

    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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