REDAN 3350
State: VICPosiProp AI Investment Summary
REDAN (VIC 3350) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.2% and has experienced a 12-month capital growth of Up 10.1%, with a median house buy price of $496,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$430,000
$505,000
$525,000
$496,000
Suburb Market Profile
Last month Redan had 23 properties available for rent and 16 properties for sale. Median property prices over the last year range from $496,000 for houses to $359,000 for units. If you are looking for an investment property, consider houses in Redan rent out for $400 PW with an annual rental yield of 4.2% and units rent for $360 PW with a rental yield of 5.1%. Redan has seen an annual compound growth rate of 10.1% for houses and 7.2% for units.