Bargains set to hit the market in wake of royal commission
New research has determined two-thirds of property experts believe the current banking royal commission will bring down property prices thro...
Property investors enjoyed capital gains of 14.29% over the last 12 months in REDAN, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 4.64% growth over a ten-year period. It ranks 1679th on our list of suburbs that property investors should look into.
REDAN, 3350 has a capital gain of 14.29% for the past year, which is higher than average compared to its 29.17% growth within a five-year period.
With the median home price in REDAN sitting at $310,000, and the average rent at $275, property owners could potentially earn a 4.61% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in REDAN are low, as opposed to average gains per annum over the past five years.
REDAN, 3350 in VIC belongs to the local government area of Ballarat.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $310,000 | $238,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.68% | N/A |
| Median 12 month | 14.29% | 16.1% |
| Median 3 years | 24.25% | 8.18% |
| Median 5 years | 29.17% | 28.65% |
| 10 years average annual | 4.64% | 3.95% |
| Weekly media advert. rent | $275 | $240 |
| Time on Market | 48.7 days | 93.7 days |
| Gross Rental Yield Percent | 4.61% | 5.24% |
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