If you compare the increase in value of investment property in Redan, 3350 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.59%.
Across a shorter period, Redan, 3350 has seen a median price increase of 0.00% over the last quarter.
Sellers are offering property buyers an average discount of -7.11% to buyers in Redan at the moment, which is less than average for the rest of VIC.
At number 2007 in a list of fastest selling suburbs, Redan is just in the bottom half of suburbs in Australia with an average of days on market 85.08 for properties listed there.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 3.25%, investors should hope to achieve an overall return of 5.20%
Redan, 3350 ranked 234th 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
While Redan,3350 ranked number 232th in VIC for increase in median house value (annualised) increase, it is ranked 290th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Redan, 3350. Typically our figures indicate that -4.88% is being offered, which puts this VIC suburb at 806th most discounted overall in Australia.
Advertised rents are around the $230 mark per week – giving a return of 5.72% based on the median price in Suburb