Redan, 3350 ranked 227th in VIC when comparing growth in median property values or capital gain over the last 12 months. Redan is one of 2098 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.
The most recent median price for Redan is $305000, with sellers offering an average of -6.78% off the asking price.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 4.45%, investors should hope to achieve an overall return of 4.69%
Redan is in the TOP 20% in VIC when comparing median price capital growth over the last year. Redan gave property investors a very good capital gain figure when compared to the rest of the state, with 19.27%.
When looking at the potential capital gains offered to property investors over the last 3 years, Redan comes in at number 244th in VIC.
Redan, 3350 is offering VIC ‘s 167th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Often selling an investment property can take time, and in Redan the average time real estate has been on the market is 96.68 days.
Using the current median advertised rental of $240 and the average annual increase in value of a median property of 4.27%, investors should hope to achieve an overall return of 5.10%