Red Head vs Diamond Beach
Diamond Beach (median $852,500) is roughly 13% cheaper to buy into than Red Head ($980,000). Over the past year, Red Head (+14%) ran 16.6 percentage points ahead of Diamond Beach (-2.6%) on house-price growth.
Buying in Red Head or Diamond Beach?
Selling in Red Head? The free selling guide
Red Head and Diamond Beach side by side
| Measure | Red Head | Diamond Beach |
|---|---|---|
| Price and market | ||
| Median house | $980,000 | $852,500 |
| Median unit | $237,600 | $237,600 |
| House price change, 12 months | +14.0% | -2.6% |
| Renting | ||
| House rent | $585/wk | $585/wk |
| Unit rent | $418/wk | $418/wk |
| Owner occupied | 81.0% | 77.0% |
| Renter occupied | 14.0% | 23.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 937 | 926 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 0 | 0 |
| Bike score | 10 | 0 |
| Population | 798 | 1,012 |
| Median age | 58 | 50 |
| Climate | ||
| Annual rainfall | 1148 mm | 1148 mm |
| Mean max, January | 28.1°C | 28.1°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Red Head (937) sits above Diamond Beach (926).
- For buyers
- Diamond Beach is the lower entry point at $852,500 median, 13% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Diamond Beach delivers the better gross yield (3.57% vs 3.10%), but Red Head has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Red Head edges out on average school ICSEA (937 vs 926).
Red Head vs Diamond Beach: common questions
Is Red Head or Diamond Beach cheaper to buy in?
Diamond Beach has the lower median house price at $852,500, roughly 13% below Red Head ($980,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Red Head or Diamond Beach?
Over the past 12 months, Red Head grew +14% vs -2.6% in Diamond Beach, a gap of 16.6 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Red Head or Diamond Beach have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Red Head scores 937 vs 926 in Diamond Beach. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Red Head or Diamond Beach?
Gross rental yield on houses is 3.57% in Diamond Beach vs 3.10% in Red Head. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
Compare Red Head with
Choosing between Red Head and Diamond Beach?
The free buying guide: budget, schemes, inspections and how not to overpay.