Charlton vs Lyons
Property investment comparison - Charlton, VIC 3525 vs Lyons, VIC 3304
Head-to-head across core investment metrics: Charlton wins 2, Lyons 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 | Charlton | Lyons |
|---|---|---|
| Median house price | $330K | $345K |
| Median unit price | $330K | - |
| Gross rental yield (houses) | 6.95% | 6.56% |
| Gross rental yield (units) | 2.49% | - |
| 1-year house growth | +8.2% | - |
| 3-year house growth | +0.0% | - |
| Vacancy rate | 1.7% | 0.8% |
| Population | 1,095 | 31 |
Charlton vs Lyons: what the numbers say
The median house price is $330K in Charlton and $345K in Lyons, so Charlton is the cheaper entry point, with Lyons houses about 5% dearer.
On cash flow, Charlton leads: houses there return a gross rental yield of 6.95%, compared with 6.56% in Lyons, a gap of 0.39 percentage points.
Rental vacancy is 0.8% in Lyons and 1.7% in Charlton, so landlords in Lyons face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Charlton is the bigger suburb, with a population of 1,095 against 31, roughly 35 times the size of Lyons; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Charlton for rental income, Charlton for a lower purchase price, Lyons 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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