Giving property investors a an unimpressive capital gain of 1.62% for the last year, Redan, 3350 is the 2592th highest performer in Australia in this respect.
While Redan,3350 ranked number 428th in VIC for increase in median house value (annualised) increase, it is ranked 474th over the last 5 years.
At number 118th of VIC’s most discounted properties, Redan is in the bottom 20% 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 95.64 days.
Situated 102.54km from the CBD, Redan is one of Ballarat localities in the postcode 3350.
Property investors who have had real estate in Redan, 3350 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.44%
Property buyers and investors in Redan 3350 should be seeing an average reduction in asking price of around -5.08% . This means that Redan is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Redan have been waiting around 122.44 days to sell a property.