Real Estate Appraisal Redan VIC 3350
How much is my home worth in Redan?
The median price for a house in Redan is $515,000 as of March 2, 2023. The median price for a unit is $365,978.
There have been 58 houses sold and 30 units sold in the last year. The average annual capital growth for houses is 12.96% and for units, it is 11.98%.
The 12-month capital growth is 15.50% on houses and for units, it is 1.69%.
The Demand to Supply Ratio or DSR rating has homes as good and units as very good. Buyers are making respectable offers, and sellers are not in a panic.
For investors, this market is strong. Supply is outpacing demand, but not by a lot. Low-ball bids are rarely accepted by sellers. Most of the time, sellers obtain the prices they demand. Growth above the national average is to be anticipated. It takes on average 22 days to sell a house and 39 days to sell a unit in Redan.
House prices and rent returns in Redan.
- 2 bedroom home $465,000, Rent per week $345
- 3 bedroom home $515,000 Rent per week $355
- 4 bedroom home N/A, Rent per week N/A
Unit prices and rent returns in Redan.
- 1 bedroom home N/A, Rent per week N/A
- 2 bedroom home $360,000, Rent per week $310
- 3 bedroom home N/A, Rent per week $382
The Redan gross rental yield for houses is 3.68% and for units, it is 4.49%.
Free Real Estate Appraisal Redan
Selling your house in Redan? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location of amenities, schools and shops. Our agents will provide this valuation free of charge.
Free Rental Appraisal Redan
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 34,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.
Property Valuation Redan
The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.
If you want to know the value of your Redan home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.
How do we appraise a property in Redan?
- Recent property sales history in the Redan district
- Location and the proximity to amenities
- Accessibility of schools and shops
- Comparison of market values
- Condition and size of the property
Want to know what your Redan home is worth?
Recently Sold Properties in Redan
Calculators and Financial Tools
Lifestyle in Redan
South of Ballarat Central is Redan, an inner neighbourhood of Ballarat, Victoria, Australia. 2,889 people were counted in the population in the 2016 Census.
Neighbouring suburbs of Redan are Mount Pleasant, Newington and Ballarat.
For people who want to go to the Ballarat CBD very quickly without paying CBD costs, Redan is a nice neighbourhood. Redan's CBD is reachable on foot from several neighbourhoods. There are many stores and supermarkets, excellent primary and secondary schools, and no need to enter the CBD if you don't want to. fantastic family area.
Redan fields an AFL football team that plays in the Ballarat Football League. There is also a soccer club called Ballarat City Football Club which is a member team of the National Premier League in tier 3.
Schools in Redan
There is 1 school in Redan.
Redan Real Estate Agent Contact Details
Office: Ballarat
Phone: 03 5320 9300