Suburb Profile

Red Hill Buyers Agent’s Guide

Our office is located on Enoggera Terrace, Red Hill. We are local area experts and we would love to assist you to purchase a home or investment property in Red Hill. Our Red Hill Buyers Agent has compiled the following suburb profile for your information:

Red Hill Suburb Profile

Red Hill is a historic, inner-city suburb of Brisbane 3km north west of the CBD. The suburb has several landmark heritage listed buildings including St Brigid’s Church on Musgrave road and the Skate Arena on Enoggera terrace which was partly destroyed by fire on Boxing Day in 2002.Red Hill is also home to rugby league’s Brisbane Broncos who have their main training facility on Fulcher Road. Red Hill is bordered by the suburbs of Paddington, Ashgrove, Kelvin Grove and Spring Hill.

The population of Red Hill in 2016 was around 5,565. 50.6% of households in Red Hill are owner occupied. Residents are mainly young professionals (average age 20-29 years).

Red Hill’s main shopping area is along Musgrave Road. There are a number a cafes dotted across the suburb including on Enoggera Terrace, Kennedy Terrace and Windsor Road. It is only a short walk to Paddington’s main cafe precinct on Latrobe Terrace.

Several bus services connect Red Hill with the Brisbane CBD via Musgrave Rd, Arthur Terrace and Latrobe Terrace

The area is close to some of Brisbane’s best provate schools including Brisbane Boys and Girls Grammar Schools, and St Joseph’s College Gregory Terrace. Red Hill is also in the catchment for Petrie Terrace State School and the prestigious Kelvin Grove State College.

There is a network of walking and bicycle paths which follow along Ithaca creek providing a beautiful green space for local residents.

There are no major employers in the suburb and many residents commute to the Brisbane CBD for work

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Red Hill Properties

Housing type and typical block size

The majority (62%) of properties in Red Hill are free standing character homes that were built in the early 1900s. The typical block size would be around 400m2.

What can my money buy in Red Hill?

Red Hill House Prices

The median house price in Red Hill is $1,495,000 which is well above Brisbane’s median.

The median house price in Red Hill would typically buy a 3 bedroom, 2 bathroom character home on a smaller sized 400m2 block.

For example: 32 Eva Street, Red Hill sold for $1,410,000 in October 2022 – see images below.

Buying a house in Red Hill

Red Hill Unit Prices

The median unit price in Red Hill is: $643,000.

This amount would typically buy a 2 bedroom, 2 bathroom apartment.

For example: 24/110 Musgrave Road Red Hill sold for $625,000 in October 2022 (see images below).

Buying an Investment property in Red Hill

How has the Red Hill property market been performing?

In the last 5 years the median house price has increased by a massive 70.8%. Over the last 10 years, house prices have increased by 8.3% per annum.

Units in Red Hill have seen more modest price growth. In the last 5 years the median price of units has increased by 24%. On average, over the last 10 years unit prices have increased by 4.8% per annum.

Supply and demand characteristics for Red Hill

  • Average Days on Market: Houses: 31 days.  Units:  35 days.
  • On average houses are selling 8% above their list price. Units typically sell 5% above their list price.
  • Red Hill’s auction clearance rates are 60% for houses.
  • There is a shortage of houses and units currently listed for sale (Houses 1.18%; Units 0.24%).
  • The rental vacancy rate for houses is 1.27%, compared to units 0.17%.

**Statistics are accurate for Dec 2022.

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