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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 -6.06% over 2 years.

The median rent in Redan for houses is $380 per week and the median rental yield is 4.39%. Stock on the market for houses/townhouses has changed -28.57% compared to last year and the average time to sell a house/townhouse is 122 days.The median listing price for units is $315,000 and this has changed -12.26% over the past year. The average unit takes 91 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

1.27%

Current vacancy rate


23

Rental stock available


2,881

Population


39.93%

Rental population


0.92%

Current vacancy rate


515

Rental stock available


101,686

Population


27.33%

Rental population


0.94%

Current vacancy rate


29,256

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 $367,000 $315,000
Median price change - last quarter 0.11% -2.66% -2.18%
Median price change - 1 year 0.00% NA -12.26%
Median price change - 2 years -6.06% NA -10.00%
  House Townhouses Units
Median weekly rent $380 $375 $320
Median yield % 4.39% 5.31% 5.28%
Median rent change - 1 year 0.00% NA 6.66%
  House Units
Previous month sales 5 1
Stock on market previous month 25 4
Stock variance vs. last year -28.57% -55.56%
Average days on market 122 91

Redan investment property listings

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