Unit 2, 506 BELL STREET Redan VIC 3350
This property is Off Market
- The Average property price in this area is $471,950, this is based on recent transactions.
- Distance to the coast 73.86 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Ballarat - South
With an average age of 41, households expect an average monthly mortgage payment of $1,083 or a weekly rent payment of $270. The average family earns a weekly income of $1,399 with a typical household size of 1.9 and a 97.56% employment rate.
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.
Public Transport
Clunes
General Points of Interest
Federation University Australia (Camp Street Campus)
swimming centre
The Magpie Goldrush & Pulpit Rock
Community Pavilion
Ballarat Aquatic and Leisure Centre
Central Wendouree Bowling Club Inc.
Anytime Fitness
Helen McKay Memorial
Korean, Borneo, Malayan & Vietnam Memorial
Federation University Australia (Mt Helen Campus)
Population
(Country of Birth not stated 10%)
Are people healthy?
There are a recorded 4409 asthma sufferers and 1311 people living with diabetes. In addition, 1401 people have a heart/vascular condition and 3198 people live with three or more chronic diseases.A good place to invest in property?
Ballarat - South a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
35 / 100
52 / 100
Industry
17 / 100
17 / 100
Population
43 / 100
32 / 100
House Prices
56 / 100
70 / 100
Jobs
21 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsPhoenix P-12 Community College
Property Story
Unit 2, 506 Bell Street, Redan, Vic, 3350 is a residential property with 3 bedrooms, 2 bathrooms and 2 Parking spaces. The estimated distance to the sea is 73.86km and 0.87KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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