Giving property investors a an average capital gain of 4.08% for the last year, Redan, 3350 is the 2346th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Redan,3350 has racked up an average of 4.08% over the period. This ranks it number 3233th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Redan is giving property investors an average Vendor Discount of around -4.98%. This puts suburb at number 354th in VIC when ranking the most discounted suburbs.
In the last year 80 properties changed hands in Redan, which puts it as the 315th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Redan being $255000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.30%
Redan is in the bottom 20% in VIC when comparing median price capital growth over the last year. Redan gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.74%.
A -4.79% growth in median value for property investors in Redan,3350 puts this suburb at number 350th in terms of best performing suburbs in VIC
Redan3350 is located in VIC which offers an average discount of -5.03% to property investors. Redan itself is showing figures that indicate -4.60% is the average achievable by property buyers investing in the suburb.
In the last year 18 properties changed hands in Redan, which puts it as the 313th most active market in VIC when comparing the number of sales per suburb.
Situated 102.63km from the CBD, Redan is one of Ballarat localities in the postcode 3350.