Baromi vs Redan
Property investment comparison - Baromi, VIC 3971 vs Redan, VIC 3350
Head-to-head across core investment metrics: Baromi wins 2, Redan wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Baromi | Redan |
|---|---|---|
| Median house price | $515K | $510K |
| Median unit price | $280K | $380K |
| Gross rental yield (houses) | 3.86% | 4.10% |
| Gross rental yield (units) | 5.47% | - |
| 1-year house growth | - | +16.4% |
| 3-year house growth | - | +5.2% |
| Vacancy rate | 0.1% | 0.9% |
| Population | 149 | 3,000 |
Baromi vs Redan: what the numbers say
The median house price is $515K in Baromi and $510K in Redan, so Redan is the cheaper entry point, with Baromi houses about 1% dearer.
For units, Baromi sits at a median of $280K against $380K in Redan, which makes Baromi the more affordable unit market and Redan the pricier one.
On cash flow, Redan leads: houses there return a gross rental yield of 4.10%, compared with 3.86% in Baromi, a gap of 0.24 percentage points.
Rental vacancy is 0.1% in Baromi and 0.9% in Redan, so landlords in Baromi face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Redan is the bigger suburb, with a population of 3,000 against 149, roughly 20 times the size of Baromi; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Redan for rental income, Redan for a lower purchase price, Baromi for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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