October 2026 data · Mornington Peninsula · VIC
Red Hill house prices: median price and growth
- Median house
- $2.27m ▲ +13.5% in 12 months
- Median unit
- –
The median house price in Red Hill is $2.27m (October 2026), up 13.5% over 12 months. That puts Red Hill above the typical Mornington Peninsula suburb ($1.54m) and number 4 of the 6 suburbs around it.
Median house price
- $2.25M+
- $2M–$2.25M
- $1.75M–$2M
- $1.5M–$1.75M
- $1.25M–$1.5M
- $1M–$1.25M
- $750K–$1M
- $500K–$750K
- <$500K
Red Hill price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $2.27m | ▲ +13.5% | ▲ +36.2% | ▲ +13.5% |
| Unit | – | – | – | – |
Changes compare the median with three, six and twelve months earlier. A dash means too few sales for a reliable figure. How these figures are worked out.
Red Hill compared with nearby suburbs
Suburbs within about 1 km of Red Hill, dearest house median first. Select a column heading to sort.
| House | Unit | |||||||
|---|---|---|---|---|---|---|---|---|
| Red Hill South | $3.13m | ▼ −3.1% | ▲ +7.8% | ▲ +57.2% | – | – | – | – |
| Main Ridge | $2.69m | – | – | – | – | – | – | – |
| Merricks North | $2.49m | – | – | – | – | – | – | – |
| Red Hill | $2.27m | ▲ +13.5% | ▲ +36.2% | ▲ +13.5% | – | – | – | – |
| Arthurs Seat | $1.61m | – | – | – | – | – | – | – |
| Dromana | $965k | ▲ +0.5% | ▼ −3.5% | ▲ +0.8% | $733k | ▼ −1.7% | ▼ −2.3% | ▼ −9.3% |
Living in Red Hill
From the 2021 ABS Census: Red Hill against the Mornington Peninsula council area and VIC. Council and state percentages count all their residents; their medians are the middle suburb by population.
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| Figure | Red Hill | Mornington Peninsula (council) | VIC |
|---|---|---|---|
| People | |||
| Population | 1,009 | 168,816 | 6,503,500 |
| Median age | 50 | 49 | 39 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 12.2% | 17.7% | 30.0% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $2,344/wk | $1,468/wk | $1,856/wk |
| Median personal income | 🔒 | 🔒 | 🔒 |
| Professionals and managers | 🔒 | 🔒 | 🔒 |
| Unemployment | 🔒 | 🔒 | 🔒 |
| Bachelor degree or higher | 🔒 | 🔒 | 🔒 |
| Completed Year 12 | 🔒 | 🔒 | 🔒 |
| Housing | |||
| Owned outright | 🔒 | 🔒 | 🔒 |
| Owned with a mortgage | 🔒 | 🔒 | 🔒 |
| Rented | 13.7% | 18.7% | 28.5% |
| Separate houses | 🔒 | 🔒 | 🔒 |
| Flats and apartments | 🔒 | 🔒 | 🔒 |
| Median weekly rent | 🔒 | 🔒 | 🔒 |
| Median mortgage repayment | 🔒 | 🔒 | 🔒 |
| Advantage | |||
| SEIFA advantage (IRSAD), Australian decile | 🔒 | 🔒 | 🔒 |
🔒 Age, occupation and ancestry breakdowns for Red Hill, its council and VIC
Source: ABS Census of Population and Housing 2021. More figures, maps and the 2016 Census are in Location Insights.
Common questions
What is the median house price in Red Hill?
The median house price in Red Hill was $2.27m in October 2026, up 13.5% on a year earlier. The typical Mornington Peninsula suburb median was $1.54m.
Is Red Hill more expensive than nearby suburbs?
Of the 5 neighbouring suburbs with a median house price, 3 are dearer than Red Hill and 2 are cheaper or the same.
Where does this data come from?
Prices come from REA sales data for October 2026, all bedroom counts, refreshed monthly. Medians cover sales over the past 12 months; changes are shown only where at least 10 homes of that type sold.