Redan, 3350 ranked 407th in VIC when comparing growth in median property values or capital gain over the last 12 months. Redan is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redan has increased when compared to the 5 year average annual rate.
Redan3350 is located in VIC which offers an average discount of -5.26% to property investors. Redan itself is showing figures that indicate -4.59% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Redan have been waiting around 57.15 days to sell a property.
With the median price for a house in Redan being $272500 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 4.96%
Redan, 3350 ranked 345th in VIC when comparing growth in median property values or capital gain over the last 12 months. Redan is one of 2098 in our list for VIC
Over the longer term, Redan has seen property prices show investors a -1.03% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Redan itself are offering an average vendor discount of -5.15% to real estate investors.
Property investors should expect to get $230 weekly from the median priced house in this suburb.