Giving property investors a a solid capital gain of 6.45% for the last year, Redan, 3350 is the 805th 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 6.45% over the period. This ranks it number 361th in the whole country for real estate investors looking at median house price increases.
Redan, 3350 is offering VIC ‘s 566th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
Giving property investors a a stable capital gain of 5.32% for the last year, Redan, 3350 is the 323th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Redan comes in at number 129th in VIC.
Sellers are offering property buyers an average discount of -2.03% to buyers in Redan at the moment, which is less than average for the rest of VIC.
The VIC suburb of Redan, 3350 is in the Ballarat (C) local government area.
Information supplied by:
Redan, VIC – The complete package in Ballarat
Median unit price: $241,000
Three-year growth: 14.8%
Rental yield: 5.4%
The suburb of Redan was named for the fortifications used in the battle of Sevastopol, Ukraine during the Crimean War. It began as one of the first deep lead gold mines in the region.
One of the inner suburbs in the flourishing Ballarat region, Redan has an advantageous location just directly south of Ballarat Central. Residents are within walking distance of amenities like the Ballarat Base Hospital Shopping hubs like Bridge Mall, Central Square Shopping Centre and Norwich Plaza are nearby, as are the Western Oval and Hickman Street Oval.
Redan has performed tremendously over the past five years to June 2019, offering growth potential, affordability and high yield.