17 Water Street, Red Hill QLD 4059

Red Hill’s hilltop charm, short CBD commute and established schools keeps owner-occupiers and premium renters returning even as listings stay very scarce, with houses selling 9% above list and units about 5% on only 0.89% and 0.24% of stock respectively. Buyers accept modest yields around 2.6% for houses and 3.6% for units because they prize the character homes, café-lined streets and stable rents that support owner-occupier demand. Price action has settled to a low-single-digit gain for houses (2.9% compound) and a double-digit lift for units over the year while the most recent annual median change was essentially flat (-0.28%), so the last six months have felt steady if not accelerating and future upside now leans on broader market sentiment and interest-rate direction.