Redan, 3350 ranked 129th in VIC when comparing growth in median property values or capital gain over the last 12 months. Redan is one of 2099 in our list for VIC
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 -4.09% below the asking price at the moment.
On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.
Advertised rents are around the $280 mark per week – giving a return of 4.55% based on the median price in Suburb
Giving property investors a a solid capital gain of 13.25% for the last year, Redan, 3350 is the 168th highest performer in Australia in this respect.
The five-year average increase in median property values for Redan,3350 has given property investors a potential capital gain of 30.56% across each of those five years.
At number 195th of VIC’s most discounted properties, Redan is in the TOP 20% of the state/territory when listing in order of most discounted to least.