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Redan
AREA REPORTS

Redan

Redan - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3350

house
unit

Property investors enjoyed capital gains of 16.5% 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 6.88% growth over a ten-year period. It ranks 1511th on our list of suburbs that property investors should look into.

REDAN, 3350 has a capital gain of 16.5% for the past year, which is higher than average compared to its 78.57% growth within a five-year period.

With the median home price in REDAN sitting at $450,000, and the average rent at $340, property owners could potentially earn a 3.93% 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 (C).

Data report can be found below

Redan
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $450,000 $325,500
GROWTH REPORT
Median Quarterly 0.25% -8.31%
Median 12 month 16.5% 0.15%
Median 3 years 41.07% 35.06%
Median 5 years 78.57% 57.25%
10 years average annual 6.88% 5.01%
Weekly media advert. rent $340 $290
Time on Market 27.8 days 41.0 days
Gross Rental Yield Percent 3.93% 4.63%
demographics (median values)*
Total Population
59145
Weekly Household Income
1238
Household Size
2.40
Age
37
Monthly Loan Repayment
1408
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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