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Suburb Insights ยท VIC 3350

Redan 3350, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Redan is a regional centre in Victoria, Australia, with a population of approximately 3,000, making it a boutique locality. Located approximately 102 km from the Melbourne CBD, Redan is a regional area in Victoria. The median household income is $55,172 AUD per year (ABS 2021 Census).

Investment Score

26 / 100 Weak

Lower income levels in Redan typically translate to more affordable entry points for investors. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Redan, Victoria, Australia.

Key Indicators

Postcode
3350

Official Australia Post postcode for Redan. A postcode may cover multiple suburbs.

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Population
3,000

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$255/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$55,172/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
102 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,300/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
51% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Redan serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $255/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,300/month.

Investment Strategy

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Buy & Hold

Capital growth in Redan may be constrained โ€” consider alternative strategies.

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Rental Yield

Rental yields in Redan tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Redan face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

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Full Property Analysis

30-year projections for Redan

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Redan may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Redan's 2026 outlook. Redan is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Redan a good suburb for investment?

Redan is a regional area in Victoria with a population of 3,000. The median rent is $255/week and the median household income is $55,172/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Redan?

Key demand drivers in Redan include regional employment hubs, lifestyle, and affordability. 51% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Redan?

According to the ABS 2021 Census, Redan has a population of approximately 3,000. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Redan from the Melbourne CBD?

Redan is approximately 102 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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