115 Foster Street, Redan VIC 3350
115 Foster Street, Redan VIC 3350
Redan corridor | mixed housing stock | family and investor demand | school catchment access | evolving streetscape
The immediate area around Foster Street offers a practical mix of older detached houses and modern townhouses, which gives this property a realistic place in a suburb that serves both first-home buyers and small families. The corridor has seen active interest from developers and community housing providers, suggesting the street is not static but gradually changing in character. For a buyer seeking a modest, well-located home close to Ballarat’s amenities and school catchments, this location provides a solid foundation, with the potential to benefit from ongoing neighbourhood improvements.
The value of this property may be shaped by its exact configuration and land size, which are not yet confirmed. If it follows the typical pattern of nearby homes, a three-bedroom layout on a moderate block would align with what the market here expects. The nearby presence of a warehouse application and social housing development could influence perceptions of the street, though these do not necessarily detract from residential appeal. Buyers should weigh the property’s condition and any recent renovations against the broader mix of older and newer stock in the corridor, as presentation will likely play a significant role in final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 115 Foster Street, Redan VIC 3350
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Redan, in Ballarat’s established south-west, is attracting buyer demand across 2–4 bedroom houses and 1–3 bedroom units, with 138 residential sales in 2025 and 137 leases at a $375 weekly median. House price data is split: median estimates range $454,000–$494,000, with annual growth from −1.3% to +11.0%, while a compound 9.1% house gain and 8.2% unit gain signal momentum. Unit medians sit between $323,000 and $358,000, with growth up to 8.18%. Selling times of 34–47 days indicate moderate liquidity. Rental yields of 4.4%–5.8% offer investors a buffer but expose the market to rate sensitivity, especially alongside sales volume volatility that fell 9.28% in 2024 before rebounding. Quarterly house prices rose 2%, reinforcing a steady but uneven recovery.
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PropCred Estimated Value
Comparable Sales: 1/110 Yarrowee Parade sold $517,500; 1011 Talbot Street listed $580,000–$610,000 | Property Price Band: $450,000–$550,000 | Value Drivers: land size, dwelling condition, layout flexibility
Bedrooms
3
Bathroom
1
Parking
1
Land
519m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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