Central location opposite bushland reserve
Here's a scarce chance to buy an elevated lightly treed building block in Red Hill.
Directly opposite bushland reserve with access to the Merricks Rail Trail and offering the possibility of filtered glimpses of Western Port from a second level, this site is perfectly situated within a short stroll to local restaurants and shops.
The size of Red Hill is approximately 23.5 square kilometres. It has 6 parks covering nearly 3.8% of total area. The population of Red Hill in 2011 was 734 people. By 2016 the population was 915 showing a population growth of 24.7% in the area during that time. The predominant age group in Red Hill is 60-69 years. Households in Red Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 82.8% of the homes in Red Hill were owner-occupied compared with 81.7% in 2016.
Red Hill has 626 properties. Over the last 5 years, Houses in Red Hill have seen a 53.85% increase in median value, while Units have seen a 1.19% increase. As at 31 July 2024:
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