Codrington vs Redan
Property investment comparison - Codrington, VIC 3285 vs Redan, VIC 3350
Head-to-head across core investment metrics: Codrington wins 2, Redan wins 1. 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 | Codrington | Redan |
|---|---|---|
| Median house price | $505K | $510K |
| Median unit price | - | $380K |
| Gross rental yield (houses) | 5.93% | 4.10% |
| Gross rental yield (units) | - | - |
| 1-year house growth | - | +16.4% |
| 3-year house growth | - | +5.2% |
| Vacancy rate | 2.4% | 0.9% |
| Population | 37 | 3,000 |
Codrington vs Redan: what the numbers say
The median house price is $505K in Codrington and $510K in Redan, so Codrington is the cheaper entry point, with Redan houses about 1% dearer.
On cash flow, Codrington leads: houses there return a gross rental yield of 5.93%, compared with 4.10% in Redan, a gap of 1.83 percentage points.
Rental vacancy is 0.9% in Redan and 2.4% in Codrington, so landlords in Redan 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 37, roughly 81 times the size of Codrington; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Codrington for rental income, Codrington for a lower purchase price, Redan 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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