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AREA REPORTS

Redan

Suburb Profile

Redan - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3350

house
unit

Property investors enjoyed capital gains of 7.97% 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 5.56% growth over a ten-year period. It ranks 1236th on our list of suburbs that property investors should look into.

REDAN, 3350 has a capital gain of 7.97% for the past year, which is lower than average compared to its 49.41% growth within a five-year period.

With the median home price in REDAN sitting at $375,750, and the average rent at $300, property owners could potentially earn a 4.15% 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

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $375,750 $292,500
GROWTH REPORT
Median Quarterly 3.66% 15.61%
Median 12 month 7.97% 18.9%
Median 3 years 34.2% 42.68%
Median 5 years 49.41% 40.63%
10 years average annual 5.56% 5.2%
Weekly media advert. rent $300 $270
Time on Market 42.2 days 53.6 days
Gross Rental Yield Percent 4.15% 4.8%
demographics (median values)
Total Population
2958
Weekly Household Income
634
Household Size
2.10
demographics
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