Julian Khursigara
Launceston, TAS+14
Brisbane · Inner Brisbane
Red Hill is a character-filled inner-city suburb defined by its steep, leafy streets lined with traditional Queenslander and workers' cottages. Just 3km from the CBD, it offers stunning city views from its elevated positions. The suburb has a vibrant, community-oriented atmosphere, attracting professionals and young families who value its heritage charm, walkability, and proximity to the city's core.
Market snapshot
Price register · May 2026
Median house
$1.50M - $2.00M
Mid-band $1.75Mspread 29%
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Median unit
$800,000 - $1.10M
Mid-band $950Kspread 32%
Days on market
~13-31 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
2.0% to 3.0%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+40% to +60%
cumulative since 2021Who buys here
Young professionals · Established families · Couples without children
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Red Hill property market is a prime example of a resilient, high-demand inner-city enclave. With a median house price hovering around $1.75 million, it represents a significant premium over the greater Brisbane average, underpinned by its desirable location and tightly-held character housing. The market is characterized by constrained supply; the suburb's steep topography and established nature mean new land releases are non-existent. Furthermore, a long average hold period indicates that residents tend to stay, limiting the number of properties that come to market. This scarcity creates a competitive environment for buyers.
Recent market movements show a complex picture. While some data points to a slight annual softening in the median house price, this follows a period of extraordinary growth. The unit market, in contrast, has shown very strong annual growth, with median prices approaching the $1 million mark, reflecting a broader trend towards more affordable, yet well-located, housing options. Demand is primarily driven by high-income professionals and families attracted to the suburb's lifestyle and proximity to the CBD, elite schools, and the Kelvin Grove Urban Village. This demographic has a degree of insulation from typical mortgage pressures, which helps to stabilize prices during market fluctuations.
Infrastructure and local planning are key factors. Red Hill is subject to significant character housing and heritage overlays, which protect its architectural integrity but also restrict development potential, further tightening supply. This regulation is a double-edged sword: it preserves the suburb's charm and underpins long-term value, but can create challenges for buyers wanting to renovate or rebuild. The low rental vacancy rate of under 1% points to a very tight rental market, which may translate into future rental price growth despite current modest yields of around 2.5% for houses. For investors, the thesis is one of long-term capital growth rather than immediate cash flow, leveraging the suburb's enduring appeal and structural supply constraints.
Red Hill's combination of heritage charm, constrained supply, and an affluent demographic provides a strong foundation for long-term capital growth.
Why a buyers agent
A buyer's agent in Red Hill is critical for navigating the suburb's unique and often challenging landscape. The steep, narrow streets mean that access, parking, and usability can vary dramatically from one property to the next, a nuance often missed in online listings. An experienced local agent understands the implications of the extensive character and demolition control precincts, which dictate what can and cannot be altered on a property. They can identify homes with hidden potential versus those that are a renovation minefield. Furthermore, many of the best opportunities in Red Hill are transacted off-market. Agents with strong local networks provide access to these properties before they hit the open market, giving their clients a significant advantage in a competitive environment. They can also provide insight into specific street hierarchies—identifying the premium, quiet pockets versus those more affected by traffic on main thoroughfares like Musgrave and Waterworks Roads. This granular, on-the-ground knowledge is invaluable in making a sound investment in a suburb where the difference of one street can impact value and lifestyle significantly.
Located just 3km from the city centre, Red Hill offers an incredibly convenient lifestyle for professionals. A quick bus ride or even a brisk walk gets you into the heart of Brisbane, without sacrificing a peaceful, residential feel.
The streets are a living museum of Brisbane's architectural history, with beautifully preserved Queenslanders and workers' cottages. Strict character protection overlays ensure the suburb will retain its unique, heritage aesthetic for years to come.
With its own collection of cafes and shops, and bordering the bustling precincts of Paddington and Kelvin Grove, residents have a world of dining, shopping, and entertainment at their fingertips.
A tightly held market with constrained housing supply, a desirable location, and an affluent demographic create the perfect conditions for long-term property value appreciation.
Families are drawn to the area for its access to some of Brisbane's most sought-after public and private schools, including Kelvin Grove State College, ensuring a quality education is just minutes away.
Compare
| Metric | This suburbRed Hill | NearbyAshgrove | NearbyBardon | NearbyPaddington |
|---|---|---|---|---|
| Median house | $1.50M - $2.00M | $1.65M - $2.20M | $1.75M - $2.35M | $1.95M - $2.60M |
| Median unit | $800,000 - $1.10M | $750,000 - $1.00M | $1.00M - $1.35M | $850,000 - $1.15M |
| Auction clearance | — | 42% to 52% | 38% to 48% | — |
| Days on market | ~13-31 days | ~16-38 days | ~16-38 days | ~19-45 days |
| Year-on-year growth | -8% to +2% | -1% to +9% | +4% to +14% | +8% to +18% |
| 5-year growth | +40% to +60% | +54% to +74% | +64% to +84% | +80% to +100% |
| Rental yield | 2.0% to 3.0% | 2.2% to 3.2% | 2.2% to 3.2% | 1.9% to 2.9% |
| Postcode | 4059 | 4060 | 4065 | 4064 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Red Hill is a historic inner-northwestern suburb just 3.2 kilometres from the Brisbane CBD, renowned for its hilly terrain and picturesque streetscapes. The area is predominantly residential, featuring a stunning collection of well-preserved Queenslanders, workers' cottages, and a growing number of modern architectural homes, often on smaller, challenging blocks that offer incredible city views.
The suburb's educational needs are served by the local Red Hill Special School, with families having excellent access to highly regarded nearby schools including Petrie Terrace State School, Ithaca Creek State School in Bardon, and the comprehensive Kelvin Grove State College.
Transport in Red Hill is dominated by an extensive bus network. Numerous high-frequency routes run along the main arteries of Musgrave Road and Waterworks Road, providing a quick 10-15 minute commute to the CBD. While the suburb has no train station, the nearby Roma Street and Milton stations are easily accessible.
For shopping and dining, residents are spoilt for choice. A collection of local cafes, boutique shops, and convenience stores are dotted along the main roads. The iconic Red Hill Cinema, rebuilt from the old skate rink, is a beloved local landmark. The suburb's prime location also means it's just a short walk or drive from the vibrant dining and retail precincts of neighbouring Paddington and Kelvin Grove.
Green space is abundant despite the suburb's inner-city location. Woolcock Park, nestled along the Ithaca Creek Bikeway, is a local favourite with sensory play areas and picnic facilities. Gilbert Park and Bancroft Park also offer residents valuable recreational space.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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