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Redhead suburb profile

Redhead is a picturesque coastal suburb located in the Lake Macquarie region of New South Wales, approximately 16km south of Newcastle's CBD. Known for its stunning beach, Redhead Beach, the suburb is a popular destination for surfers, swimmers, and nature enthusiasts. The area offers a relaxed coastal lifestyle with a strong sense of community, making it ideal for families and retirees. Redhead features a mix of residential properties, from charming beachside cottages to modern homes, and is well-serviced by local amenities. Its natural beauty and laid-back atmosphere make Redhead a sought-after location for those seeking a serene coastal living experience.

Redhead property market performance

Current median dwelling price$1,005,000Past 3 months

Property growth+40.7%Past 12 months

Redhead’s property market has shown selective growth over the past 12 months. House values have increased by 4.7%, while unit values remain unchanged. Despite no recorded median house price, the area saw activity with 8 houses sold in the last 12 months, taking a median of 51 days on the market.

Unit sales were much lower, with 3 units sold and no days recorded on the market, suggesting limited activity or data. The average rent for houses has seen a significant increase of 14.1%, reaching $850, while rent prices for units have not changed, indicating potential stability or lack of demand in the unit rental market.

HousesUnits
Median price
Past 3 months
$1.80MN/A
Change in value
Past 12 months
18.3%N/A
Sold
Past 3 months
102
Median days on market
Past 12 months
51N/A
Average rent
Past 12 months
$855N/A
Change in rent
Past 12 months
14.0%N/A

5 year median price trend for houses and units

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Redhead demographics

Redhead, a charming coastal suburb located in the Lake Macquarie region of New South Wales, offers a serene lifestyle with its beautiful beaches and natural surroundings. Known for its relaxed atmosphere, Redhead is a popular choice for families and retirees seeking a peaceful community away from the hustle and bustle of city life. The suburb's median age of 48 reflects a mature population, with many residents enjoying the tranquility and scenic beauty that Redhead has to offer.

The suburb's housing market is characterized by a high rate of home ownership, with 57.3% of properties owned outright and 29.2% owned with a mortgage. This indicates a stable community with long-term residents who value the security and investment of home ownership. The rental market is relatively small, with only 13.6% of properties being rented, which further underscores the suburb's appeal to those looking for a permanent place to call home.

Family life is a significant aspect of Redhead's community, with couple families with children making up 48.4% of the population. This is complemented by 38.2% of couple families without children, highlighting the suburb's appeal to both growing families and those whose children have moved out. The presence of one-parent families at 12% and other family types at 1.4% adds to the diversity of the community. With its picturesque setting and strong sense of community, Redhead is an ideal location for those seeking a balanced and fulfilling lifestyle.

Suburbs near Redhead

Some popular suburbs near Redhead include:

  • Dudley: Known for its coastal charm and natural reserves, Dudley is located directly north of Redhead.
  • Jewells: Offering a peaceful residential atmosphere with proximity to beaches, Jewells is situated to the southwest of Redhead.
  • Windale: Known for its community spirit and affordable housing, Windale lies to the west of Redhead.
  • Whitebridge: Featuring a mix of suburban living and bushland, Whitebridge is located to the northwest of Redhead.
  • Gateshead: Known for its family-friendly environment and local amenities, Gateshead is situated to the west of Redhead.

How does Redhead compare to nearby suburbs?

  • Median house prices: Redhead’s median house price is 23.6% higher than Dudley’s.
  • Median unit prices: Redhead’s median unit price is 59.8% lower than Whitebridge’s.
  • House price growth: Over the past 12 months, house prices in Redhead have grown 15.4% higher than in Jewells.
  • Selling speed for houses: Properties in nearby Dudley are selling 25.5% faster than in Redhead.

Choose the right real estate agents in Redhead

Choosing the right real estate agent in Redhead can have a big impact on your sale. While there are 25 real estate agents working in the suburb, but just 5 of them were responsible for 56.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.87% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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