Question 1

Is Red Hill a nice place to live?

Accepted Answer

Red Hill, an inner-south Canberra suburb centred on the elevated Red Hill Nature Reserve, has pine and native bushland with walking trails and wide views over Lake Burley Griffin and the Parliamentary Triangle. Quietly residential, its tree-lined streets and generous blocks mix older cottages with renovated and contemporary homes, giving a settled yet refreshed feel. It attracts professionals and families who value green space and a calm outlook while staying close to the cafés and shops of nearby Manuka and Kingston, and it is served by regular bus links to the city.

About 3,146 people live in Red Hill; the median age is 42 and the median household income is $3,938 a week (roughly $205,000 a year). Families are prominent: couple families with children are 55.0% and, with couple families without children at 32.9%, make up 87.9% of all families. Homes are mostly owner-occupied (40.5% owned outright and 37.0% owned with a mortgage, so 77.5% owner-occupied and 22.5% rented). The Red Hill Integrated Plan and the Canberra Nature Park Reserve Management Plan guide long-term conservation, proposed rezoning of nearby Deakin as open space and limited low-impact development proposals at the southern end of the Federal Golf Club; implementation and community consultation are under way and petitions have been lodged.

Question 2

Is it expensive to live in Red Hill?

Accepted Answer

Buying a house in Red Hill sits well above what local households earned at the last Census. At a median house price of $1,650,000, that is about 8.1 times a typical local annual household income at the last Census, while the median unit price of $1,042,000 is about 5.1 times a local year's household income. Renting looks more manageable on these figures: a house renting for $1,150 a week would take roughly 29.2% of a typical local household's weekly income at the last Census, and a unit at $530 a week would take about 13.5%.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Red Hill a good place to invest?

Accepted Answer

Unit values in Red Hill jumped 65.8% over the past year, a large rise, while house values also increased, up 10.7%. Unit rents edged up 1.9% over the same period, so the increase in unit prices far outpaced the small gain in unit rental income. If capital growth is your priority, the value movements are the most relevant figures here; if rental income is the focus, the rent change is the number to consider.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.65M	$1.04M
Change in value Past 12 months	10.7%	65.8%
Sold Past 3 months	13	13
Median days on market Past 12 months	113	126
Average rent Past 12 months	$1150	$530
Change in rent Past 12 months	N/A	1.9%

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