Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $190,000 | 0.0% | $140,000 | $721,000 | 32 |
| 2010 | $250,000 | +24.0% | $175,000 | $580,000 | 32 |
| 2011 | $255,000 | +2.0% | $176,000 | $755,000 | 29 |
| 2012 | $265,000 | +3.8% | $174,000 | $625,000 | 34 |
| 2013 | $250,000 | -6.0% | $100,000 | $427,500 | 35 |
| 2014 | $243,000 | -2.9% | $157,500 | $460,000 | 70 |
| 2015 | $253,000 | +4.0% | $160,000 | $401,000 | 25 |
| 2016 | $235,000 | -7.7% | $145,000 | $470,000 | 43 |
| 2017 | $300,000 | +21.7% | $155,000 | $605,000 | 63 |
| 2018 | $325,000 | +7.7% | $205,000 | $538,000 | 69 |
| 2019 | $353,500 | +8.1% | $255,000 | $580,000 | 51 |
| 2020 | $387,500 | +8.8% | $200,000 | $635,000 | 57 |
| 2021 | $455,000 | +14.8% | $267,000 | $995,000 | 77 |
| 2022 | $515,000 | +11.7% | $215,000 | $950,000 | 60 |
| 2023 | $480,500 | -7.2% | $220,000 | $1,225,000 | 57 |
| 2024 | $440,000 | -9.2% | $345,000 | $720,000 | 16 |
Median Sale Price
$465K
Based on 56 recorded sales within the last 12 months
Updated on 26 Apr 2024
Suburb Growth
-8.6%
Current Median Price: $465,000
Previous Median Price: $505,000
Based on 113 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $250 | 0.0% | $180 | $300 | 21 |
| 2012 | $270 | +7.4% | $180 | $320 | 29 |
| 2013 | $255 | -5.9% | $145 | $360 | 43 |
| 2014 | $260 | +1.9% | $150 | $420 | 57 |
| 2015 | $250 | -4.0% | $145 | $325 | 146 |
| 2016 | $250 | 0.0% | $200 | $400 | 73 |
| 2017 | $270 | +7.4% | $200 | $420 | 70 |
| 2018 | $280 | +3.6% | $220 | $500 | 86 |
| 2019 | $310 | +9.7% | $175 | $750 | 74 |
| 2020 | $310 | 0.0% | $155 | $600 | 89 |
| 2021 | $350 | +11.4% | $210 | $450 | 86 |
| 2022 | $350 | 0.0% | $200 | $460 | 79 |
| 2023 | $380 | +7.9% | $230 | $700 | 90 |
| 2024 | $390 | +2.6% | $300 | $695 | 21 |
Median Rent Price
$380
per week
Based on 76 recorded rent within the last 12 months
Updated on 26 Apr 2024
Rent Price Growth
+5.3%
Current Median Rent: $380
Previous Median Rent: $360
Based on 158 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $465,000
Current Median rent: $380
Based on 132 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Redan
Houses sold in Last 12 months ends 20 Apr 2024
$435K
Median Sale Price
100%
Clearance Rate
11/11
Sold/Reported
$510K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $400 K - $600 K (Median Price Range) | 10 | |
| less than $400 K | 1 | |
Similar Suburbs to Redan 3350
Based on median house sale price sold in last 12 months
Schools closest to Redan, VIC 3350
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| St Aloysius' School | 800 RIPON ST SOUTHRedan 3350 | Primary | Catholic | 0.63 km |
| Urquhart Park Primary School | 49 INKERMAN STREETBallarat 3350 | Primary | Government | 0.98 km |
| St Patrick's Primary School | 119 DRUMMOND ST STHBallarat 3350 | Primary | Catholic | 1.13 km |
| Phoenix P-12 Community College | HERTFORD STREETSebastopol 3356 | Combined | Government | 1.44 km |
| St Patrick's College | 1431 STURT STBallarat 3350 | Secondary | Catholic | 1.49 km |
| Phoenix P-12 Community College Primary Campus | Sebastopol 3356 | Combined | Government | 1.57 km |
| Ballarat Primary School (Dana Street) | 401 DANA STREETBallarat 3350 | Primary | Government | 1.53 km |
| Pleasant Street Primary School ( Ballarat) | 101 PLEASANT ST NORTHLake Wendouree 3350 | Primary | Government | 1.79 km |
| Ballarat and Clarendon CollegeTop 5 | Ballarat 3350 | Combined | Independent | 1.89 km |
| Mount Pleasant Primary School | 401 COBDEN STREETBallarat 3350 | Primary | Government | 1.69 km |