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Investment Property Redan, VIC, 3350

Suburb Snapshot

Redan is a suburb in the Ballarat Region of Victoria. Redan has a population of 2,881 people and 39.93% of its occupants live in rental accommodation. The median listing price for houses is $450,000 and this has changed 0.00% over the past year and changed -5.27% over 2 years.

The median rent in Redan for houses is $375 per week and the median rental yield is 4.33%. Stock on the market for houses/townhouses has changed -38.89% compared to last year and the average time to sell a house/townhouse is 120 days.The median listing price for units is $315,000 and this has changed -12.38% over the past year. The average unit takes 92 days to sell and the median rent for a unit in Redan is $320 per week, producing a rental yield of 5.28%.

Supply & Demand in Redan, Ballarat

0.83%

Current vacancy rate


15

Rental stock available


2,881

Population


39.93%

Rental population


0.91%

Current vacancy rate


505

Rental stock available


101,686

Population


27.33%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Redan, Ballarat

  House Townhouses Units
Median listing price $450,000 NA $315,000
Median price change - last quarter 0.11% -2.66% -2.18%
Median price change - 1 year 0.00% NA -12.38%
Median price change - 2 years -5.27% NA -10.00%
  House Townhouses Units
Median weekly rent $375 $375 $320
Median yield % 4.33% NA 5.28%
Median rent change - 1 year 0.00% NA 3.22%
  House Units
Previous month sales 5 1
Stock on market previous month 22 5
Stock variance vs. last year -38.89% -28.57%
Average days on market 120 92

Redan investment property listings

Showing 5 of 64 investment properties found in Redan on realestateinvestar.com.au

704 Windermere St, Redan

$699,000

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Where Period Elegance Meets Contemporary Luxury

Presenting an extremely rare opportunity to secure a stunning character home that has undergone an amazing transformation. Fully restored and tastefully renovated from front to back, this exceptional residence combines striking original character with high-end modern finishes, all wrapped in a ...

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House

VIC 3350


417 Skipton St, Redan

$695,000

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FOUR BEDROOM BRICK VENEER HOME WITH DUAL LIVING

The immaculate brick veneer home sits on a wide block that is well located close to Ballarat CBD, supermarkets and schools. The position also offers rear access for vehicles via crown land behind the property with a large carport and storage shed. The property enjoys all the best features of the ...

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House

VIC 3350


2/613 Talbot Street South, Redan

$270,000

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Exceptionally Spacious Unit with Rare Private Courtyard

Ideally located on a quiet street, only moments from the heart of vibrant Ballarat, this exceptionally spacious, brick, low maintenance unit with its own private courtyard will make an ideal first home, downsizing option or set and forget, high yield investment property. - Large bedroom with ...

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Unit

VIC 3350


517 Skipton St, REDAN

$680,000

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COUNTRY LIVING IN THE HEART OF TOWN - DUAL FRONTAGE

Set on 1,429sqm with dual frontages to Skipton Street and Yarrowee Parade, this much-loved family home offers a rare expression of country homestead living in the heart of town. Positioned approximately 1,600 metres from the CBD, it brings together space, character, and lifestyle with established ...

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House

VIC 3350


303 La Trobe St, REDAN

$525,000

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Classic Cream Brick Family Home in Convenient Central Locale

Perfectly positioned in ever-popular Redan, only moments from the heart of Ballarat, this classic, cream brick triple-fronted family home has many of its original features still intact, and will make an ideal owner occupier's residence or high-yield investment property. - Five generously sized ...

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House

VIC 3350


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