All About Redan, Ballarat, VIC, 3350

Redan, a suburb in the vibrant city of Ballarat, Victoria, offers a unique blend of historical charm and contemporary convenience, making it an appealing choice for many homebuyers. The housing market in Redan is characterized by a mix of architectural styles, ranging from Victorian-era homes to modern developments, providing a diverse array of options for potential homeowners. While the market has seen fluctuations, like many other regional areas in Victoria, Redan has experienced a notable increase in property values in recent years. This growth is largely driven by the suburb's attractive price point relative to Melbourne, as well as its strategic location close to the Ballarat CBD. With relatively more affordable housing compared to the inner city, Redan presents opportunities for first-time buyers, families, and investors looking to capitalize on the region's ongoing development and increasing desirability.

Living in Redan offers residents a blend of suburban tranquility and access to urban amenities, making it an ideal choice for those seeking a balanced lifestyle. The suburb is well-serviced by public transport and major roadways, ensuring convenient access to Ballarat's amenities, including shopping centres, educational institutions, and healthcare facilities. Additionally, Redan boasts a variety of recreational spaces such as parks and sports facilities which are popular among families and active individuals. The community spirit in Redan is strong, with local events and gatherings providing ample opportunities for neighbors to connect and engage. Overall, Redan combines affordable living with a rich community experience, appealing to those who appreciate both the charm of a quieter suburb and the conveniences of city living.

Redan Real Estate Market Outlook

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.

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.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!