2/112 Park Street E

Redan VIC 3350

The size of Redan is approximately 2.2 square kilometres. It has 5 parks covering nearly 27.1% of total area. The population of Redan in 2011 was 2,975 people. By 2016 the population was 2,893 showing a population decline of 2.8% in the area during that time. The predominant age group in Redan is 20-29 years. Households in Redan are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Redan work in a professional occupation. In 2011, 52.7% of the homes in Redan were owner-occupied compared with 48.5% in 2016.

Redan has 2,015 properties. Over the last 5 years, Houses in Redan have seen a 30.24% increase in median value, while Units have seen a 29.93% increase. As at 31 August 2024:

• The median value for Houses in Redan is $425,135 while the median value for Units is $335,114.
• Houses have a median rent of $380 while Units have a median rent of $340.