Redan has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.83% to date .
Redan,3350 was ranked 1802 in Australia by increase in median property value over the quarter.
At number 161th of VIC’s most discounted properties, Redan is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Redan have been waiting around 81.62 days to sell a property.
The VIC suburb of Redan, 3350 is in the Ballarat local government area.
Investment property in Redan has done 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 -8.07%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Redan has stayed pretty constant when compared to the 5 year average annual rate.
Redan, 3350 is offering VIC ‘s 173th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Renters in Suburb are facing rents around $2640 per annum or $220 every week.