Red Hill
VIC, 3937
-
Mornington Peninsula
Thinking about buying in Red Hill? Now could not be a better time, with 855 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,862,000 with prices in this suburb ranging from $353,000 to $13,683,000. Red Hill is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $390.22 |
| Median Monthly Mortgage | $2594.56 |
| Median Persons Per Bedroom | 0.71 |
| Average Household Size | 2.44 |
| Average Age | 53.67 |
| Average Income | $993.00 |
| Average Cars Per Dwelling | 2.32 |
| Average Properties Within 50M | 4 |
Housing Stock
Average Property Prices
| 1 Bed $2,358,000 |
| 2 Bed $1,590,000 |
| 3 Bed $2,654,000 |
| 4 Bed $3,887,000 |
| 5 Bed $4,482,000 |
| 6 Bed+$10,602,000 |
Red Hill Real Estate Market Outlook
In Red Hill there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Red Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Red Hill changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Red Hill necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Red Hill we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Red Hill a better buying opportunity than it may have been in the past.
Local Schools
Red Hill Consolidated School
Dromana Secondary College
Peninsula Specialist College
(While the above schools are located with the suburb of Red Hill there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Red Hill weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.3 | 20.8 | 34.1 | 31.6 | 84.9 | 3.0 | 25.1 |
| Feb | 2.8 | 20 | 33.0 | 34.4 | 87.1 | 2.8 | 23.3 |
| Mar | 2.5 | 18.4 | 31.5 | 36.3 | 90.7 | 2.4 | 19.8 |
| Apr | 0.7 | 13.2 | 27.8 | 34.0 | 93.8 | 1.8 | 18.2 |
| May | 0.8 | 7.9 | 23.6 | 35.2 | 95.9 | 1.5 | 14.9 |
| Jun | 1.3 | 6 | 20.4 | 41.4 | 96.9 | 1.6 | 12.8 |
| Jul | 0.7 | 4.7 | 20.6 | 37.4 | 96.9 | 1.6 | 14.0 |
| Aug | 0.7 | 5.3 | 23.3 | 25.7 | 91.9 | 1.9 | 17.0 |
| Sept | 1.0 | 9.2 | 26.9 | 22.7 | 88.8 | 2.2 | 21.1 |
| Oct | 1.2 | 13.7 | 30.0 | 23.9 | 84.2 | 2.7 | 24.4 |
| Nov | 1.2 | 17.4 | 33.0 | 24.5 | 81.6 | 2.9 | 26.9 |
| Dec | 3.4 | 19.3 | 33.7 | 28.9 | 82.3 | 2.9 | 27.4 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Chinchilla - Greater then 10KM
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