With a capital gain of 10.32% for the last 12 months, Redan, 3350 has performed for property investments than its average annual 4.66% property growth over the last 5 years.
Across a shorter period, Redan, 3350 has seen a median price increase of 4.31% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Redan itself are offering an average vendor discount of -4.73% to real estate investors.
Often selling an investment property can take time, and in Redan the average time real estate has been on the market is 68.73 days.
Redan, 3350’s gross rental yield is 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
The five-year average increase in median property values for Redan,3350 has given property investors a potential capital gain of -6.28% across each of those five years.
At number 173th of VIC’s most discounted properties, Redan is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Redan the average time real estate has been on the market is 98.72 days.
Advertised rents are around the $225 mark per week – giving a return of 6.03% based on the median price in Suburb