AREA REPORTS

Redan

Suburb Profile

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

house
unit

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.

Data report can be found below

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%
demographics (median values)
Total Population
2958
Weekly Household Income
634
Household Size
2.10
demographics
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