Thinking about buying in Redan? Now could not be a better time, with 2136 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $509,000 with prices in this suburb ranging from $158,000 to $1,637,000. The aproximate 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.

Houses for sale Redan

	3 hampden st, redan, vic, 3350	3	1	2	Sold $445,000
	722 talbot st south, redan, vic, 3350	3	2	2	Sold $455,000
	1002 talbot st south, redan, vic, 3350	3	1	2	$430,000 - $460,000
	unit 2, 506 bell st, redan, vic, 3350	3	2	2	$495,000 - $535,000
	601 ripon st south, redan, vic, 3350	3	1	1	$680,000
	311 yarrowee pde, redan, vic, 3350				$350,000
	403 darling st, redan, vic, 3350	3	1	2	$625,000
	811 sebastopol st, redan, vic, 3350	2	1	1	$650,000
	unit 2, 719 skipton st, redan, vic, 3350	2	2	1	395000

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General Points of Interest

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