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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


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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 1 of 1 investment properties found in Redan on realestateinvestar.com.au

2/610A Talbot Street South, Redan

$390,000

property pic

Centrally Located Low Maintenance Townhouse

Perfectly positioned on a quiet street within walking distance to the heart of vibrant Ballarat, this brick, modern, low maintenance townhouse will make an ideal first home, downsizing option, or set and forget investment property. - Master bedroom featuring WIR and bathroom access - Two ...

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VIC 3350


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