Giving property investors a an unimpressive capital gain of 2.01% for the last year, Redan, 3350 is the 2554th highest performer in Australia in this respect.
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.
Our latest figures would indicate that property sellers in Redan are currently offering property investors an average price cut of -7.15% below the asking price at the moment.
The VIC suburb of Redan, 3350 is in the Ballarat local government area.
Investment property in Redan has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.44%
Comparing Redan,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Redan is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 202th in terms of most discounted suburbs in VIC
At number 1284 in a list of fastest selling suburbs, Redan is in the bottom 20% of suburbs in Australia with an average of days on market 114.47 for properties listed there.
With the median price for a house in Redan being $205000 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 5.77%