Red Hill South, VIC 3937

The median house price in Red Hill South, VIC 3937 is $2.67M as of June 2026, based on 3 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.

The median weekly house rent in Red Hill South is $643 as of June 2026, drawn from a very small number of recent leases. House rents have moved +0.5% year-on-year. Current vacancy pressure is shown in the supply section above.

A 3 bedroom house in Red Hill South rents for a median $643 per week as of June 2026, drawn from a very small number of recent leases. Across other house sizes: 2-bedroom $643/week, 4-bedroom $643/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.

Gross rental yield in Red Hill South is 1.36% for houses as of June 2026, compared with the VIC unit median of 2.68%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.

Red Hill South's property market trends to June 2026: house prices rose +50.0% year-on-year; weekly house rents moved +0.5%; homes now sell in a median 87 days — slower than a year ago by 36; sales supply sits at 1.1 months (severe). Read together — price, rent, selling speed and supply — they show which way the Red Hill South market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.

As of June 2026 in Red Hill South, house prices rose +50.0% over the year, gross rental yield is 1.36% against a VIC median of 3.10%, houses take a median 87 days to sell, sales supply is 1.1 months (severe). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.

Houses in Red Hill South sell in a median 87 days on market as of June 2026. Days on market have lengthened by 36 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.

Red Hill South's sales market sits at 1.1 months of supply for houses as of June 2026 — classified as Severe (extreme shortage) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is looser at 1.4 months of supply.

House prices in Red Hill South moved +50.0% over the 12 months to June 2026. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.

Red Hill South's house rental market sits at 1.4 months of supply as of June 2026 — classified as Tight, with 2 houses leased over the past 12 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.

Red Hill South's median house price ($2.67M) is 330% above the VIC median ($620k) as of June 2026. On selling speed, houses clear in 87 days vs 15 days state median. On gross yield, Red Hill South sits at 1.36% vs 3.10% state median.

The most-transacted segment in Red Hill South over the 12 months to June 2026 is 2 bed houses with 4 sales. 3 bed houses come second at 4 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.

Red Hill South recorded 4 house sales and 0 unit sales over the 12 months to June 2026 — a combined 4 transactions. On the rental side, 2 houses and 0 units were leased. Segments with statistically thin samples are excluded from displayed figures.

Red Hill South is in postcode 3937, in the Mornington Peninsula region of VIC. Addresses there are written as Red Hill South, VIC 3937.

Red Hill South, VIC 3937 is home to 542 residents (ABS Census 2021). The median resident age is 43, and the average household holds 1.4 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.

The median household in Red Hill South earns $2k per week — roughly $98k a year (ABS Census 2021). Median personal income runs $949/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.

The unemployment rate in Red Hill South is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.

Red Hill South is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.

Red Hill South has 39 schools within reach — including Red Hill Consolidated School, Dromana Secondary College, Peninsula College. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).

Red Hill South, VIC 3937 has a population of 542, a median age of 43, a median household income around $2k/week, 50% of households renting (ABS Census 2021). There are 39 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.

This Red Hill South market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.