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 4.0% and has experienced a 12-month capital growth of Up 15.4%, with a median house buy price of $525,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$438,500
$525,000
$595,000
$525,000
Suburb Market Profile
Last month Redan had 24 properties available for rent and 11 properties for sale. Median property prices over the last year range from $525,000 for houses to $405,000 for units. If you are looking for an investment property, consider houses in Redan rent out for $410 PW with an annual rental yield of 4.0% and units rent for $370 PW with a rental yield of 4.9%. Redan has seen an annual compound growth rate of 15.4% for houses and 20.9% for units.
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