Over the last year, property investments in Redan, 3350 have given investors a capital gain of 3.66%. This compares badly with the 8.27% for VIC as a whole.
Redan,3350 was ranked 1602 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Redan is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in VIC
Situated 102.49km from the CBD, Redan is one of Ballarat localities in the postcode 3350.
At number 1519th in the list of Australian suburbs ordered by increase in median house value over the last year, Redan, 3350 is in the BOTTOM 20% with a property value increase of -8.07% recorded in median house prices.
Over the longer term, Redan has seen property prices show investors a 10.81% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Redan 3350 should be seeing an average reduction in asking price of around -3.99% . This means that Redan is holding prices well when compared to other suburbs in VIC.
Situated 102.67km from the CBD, Redan is one of Ballarat localities in the postcode 3350.