6/175 Musgrave Road, a rare listing in Red Hill, highlights the suburb’s strong appeal, where homeowners retain properties for an impressive 13.5 years—significantly longer than many other suburbs—due to its strong community appeal, desirable lifestyle, investment potential, and proximity to the CBD.
Red Hill, situated just two kilometres north-west of Brisbane’s city centre, has long been regarded as a sought-after residential area. The suburb continues to attract long-term residents who value its close-knit community and convenient access to city amenities.
Factors Contributing to Long-Term Ownership:
Proximity to Brisbane CBD
The proximity of Red Hill to the CBD makes it an ideal choice for professionals and families seeking convenience without the congestion of inner-city living. This accessibility reduces the need for residents to relocate frequently.
Community and Lifestyle Appeal
Red Hill presents a lively community scene with parks, local businesses, and cultural events, among other conveniences. The strong sense of belonging and well-established infrastructure encourage unit owners to stay longer. Notable attractions include:

Photo Credit: Wikipedia
- St Brigid’s Church: A heritage-listed site built in 1912, showcasing striking design inspired by the 15th-century French Albi Cathedral.
- Red Hill Cinemas: A popular venue offering a unique movie-going experience in a historical setting.
- Gramps Café: A local favourite known for its hearty dishes and quality coffee.
- Red Hill Markets: A go-to for fresh local produce, crafts, and a vibrant community atmosphere.

Photo Credit: Gramps/Instagram
Investment Considerations
Unit owners in Red Hill see their properties as valuable long-term investments. The area’s continued property value appreciation has encouraged residents to hold onto their units in anticipation of further capital growth.
Local Amenities and Services

Photo Credit: Red Hill Markets
The main shopping area of Red Hill is on Musgrave Road, with cafes and boutique shops also on Enoggera Terrace, Kennedy Terrace, and Windsor Road. Latrobe Terrace in Paddington, known for its dining and retail options, is within walking distance.
Several bus routes connect Red Hill to Brisbane CBD via Musgrave Road, Arthur Terrace, and Latrobe Terrace, offering convenient public transport options.
While Red Hill lacks major employers, its proximity to Brisbane CBD allows residents to access employment hubs in finance, education, healthcare, and government services.
Comparison with Other Suburbs
Suburbs such as Thornlands and Mango Hill exhibit shorter tenure periods of around 4.7 to 5 years, largely due to their newer developments and higher turnover among first-time buyers. In contrast, the established reputation and amenities of Red Hill result in more extended ownership periods.
Future Outlook
With anticipated interest rate cuts in 2025, the trend of long-term property ownership in Red Hill is expected to continue. Lower financial pressure on mortgage holders may further solidify the area’s reputation as a place where unit owners prefer to stay for extended periods.
Published 21-Jan-2025
