Property investors who have had real estate in Redan, 3350 should be relatively pleased 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 10.62%
Across a shorter period, Redan, 3350 has seen a median price increase of 2.22% over the last quarter.
Property investors should expect to get $260 weekly from the median priced house in this suburb.
At number 1482th 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 -7.40% recorded in median house prices.
While Redan,3350 ranked number 245th in VIC for increase in median house value (annualised) increase, it is ranked 323th over the last 5 years.
Advertised rents are around the $227.5 mark per week – giving a return of 6.10% based on the median price in Suburb