Redan

POSTAL CODE: VIC, 3350
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Property investors enjoyed capital gains of 11.01% 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 7.41% growth over a ten-year period. It ranks 1634th on our list of suburbs that property investors should look into.

REDAN, 3350 has a capital gain of 11.01% for the past year, which is higher than average compared to its 26.67% growth within a five-year period.

With the median home price in REDAN sitting at $494,000, and the average rent at $390, property owners could potentially earn a 4.11% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in REDAN are high, as opposed to average gains per annum over the past five years.

REDAN, 3350 in VIC belongs to the local government area of Ballarat.

Surburb overview

Redan is an inner residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 2 kilometres south-west of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and sits between Golden Point, Mount Pleasant and Sebastopol.

According to the 2021 Census, Redan had a population of 3,547 residents, reflecting its status as an established urban suburb close to the city centre.

Redan developed during the Victorian gold rush of the 1850s and retains historical associations with early mining activity in the Ballarat district.

Residential development consists largely of Victorian-era cottages, weatherboard homes and mid-20th-century dwellings, with some recent infill housing.

The suburb’s proximity to Ballarat Central provides convenient access to retail, healthcare, education and professional services along Sturt Street and surrounding precincts.

Local amenities include neighbourhood parks, sporting facilities and community services that support everyday living.

Primary and secondary schooling options are available within Redan and in adjoining suburbs, with additional educational institutions located across Ballarat.

Public transport is supported by bus services connecting the suburb to Ballarat railway station, which offers V/Line train services to Melbourne’s CBD via the Ballarat line.

Redan experiences a temperate climate with warm summers and cool to cold winters, consistent with Ballarat’s elevated inland setting.

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