Real Estate Redan, VIC, 3350 Ballarat
Thinking about buying in Redan? Now could not be a better time, with a whopping 2100 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $585,000 with prices in this suburb ranging from $190,000 to $1,075,000.
Distance to the coast is 72 Km.Redan Real Estate Market Outlook
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Redan due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Redan changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Redan requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Redan we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Redan a better buying opportunity than it may have been in the past.
About
Household makeup
| Median Weekly Rent | $258.50 |
| Median Monthly Mortgage | $1273.10 |
| Median Persons Per Bedroom | 0.72 |
| Average Household Size | 2.00 |
| Average Age | 38.00 |
| Average Income | $856.00 |
| Average Cars Per Dwelling | 2.15 |
| Average Properties Within 50M | 12.00 |
Typical Property Prices
| 1 Bed | $257,500 |
| 2 Bed | $438,940 |
| 3 Bed | $593,041 |
| 4 Bed | $623,271 |
| 5 Bed | $565,000 |
| 6 Bed + | $717,000 |
Housing Stock
Houses for sale Redan
Local Schools
St Aloysius' School
(While the above schools are located with the suburb of Redan there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Redan weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.3 | 11.8 | 27.4 | 29.5 | 91.9 | 5.8 | 25.9 |
| Feb | 1.4 | 12.2 | 26.1 | 35.5 | 93.9 | 5.8 | 21.7 |
| Mar | 1.1 | 10.6 | 23.4 | 38.1 | 95.2 | 5.5 | 16.8 |
| Apr | 1.5 | 7.8 | 18.6 | 49.5 | 96.9 | 4.8 | 12.3 |
| May | 1.8 | 5.4 | 14.1 | 63.5 | 97.9 | 5.0 | 8.7 |
| Jun | 1.9 | 3.6 | 11.2 | 74.0 | 99.0 | 4.9 | 7.2 |
| Jul | 2.1 | 3.4 | 10.5 | 74.3 | 98.9 | 5.7 | 7.5 |
| Aug | 1.9 | 3.3 | 11.6 | 65.1 | 98.4 | 5.6 | 10.4 |
| Sept | 2.2 | 4.6 | 14.3 | 58.1 | 97.1 | 5.6 | 14.4 |
| Oct | 1.6 | 6.5 | 18.1 | 49.6 | 96.4 | 5.4 | 19.8 |
| Nov | 1.6 | 8.3 | 20.8 | 44.7 | 96.5 | 5.3 | 22.6 |
| Dec | 1.3 | 10.3 | 24.6 | 33.7 | 93.8 | 5.6 | 25.5 |
source: Australian Government Bureau of Meteorology
Internet Speed
Fibre to the Curb
Fibre to the Node
Fibre to the Premises
Satellite
Nearby Suburbs
Public Transport
General Points of Interest
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