Property value increases in Redan have tracked close to the VIC average of 11.69% over the last 12 months.
While Redan,3350 ranked number 379th in VIC for increase in median house value (annualised) increase, it is ranked 512th over the last 5 years.
The most recent median price for Redan is $285000, with sellers offering an average of -5.21% off the asking price.
Often selling an investment property can take time, and in Redan the average time real estate has been on the market is 58.97 days.
The VIC suburb of Redan, 3350 is in the Ballarat local government area.
Property value increases in Redan have tracked just lower than the VIC average of 7.87% over the last 12 months.
Redan,3350 has offered an average of 1.56% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Redan 3350 should be seeing an average reduction in asking price of around -5.96% . This means that Redan is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.