REDBANK PLAINS 
4 MIN READ487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
Read More
RedanRedan - SUBURB PROFILE REPORT
SHARE 
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).
| 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% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
