Churchill vs Red Lion
Property investment comparison - Churchill, VIC 3842 vs Red Lion, VIC 3371
Head-to-head across core investment metrics: Churchill wins 1, Red Lion 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 | Churchill | Red Lion |
|---|---|---|
| Median house price | $460K | $460K |
| Median unit price | $430K | $425K |
| Gross rental yield (houses) | 5.08% | - |
| Gross rental yield (units) | 3.45% | - |
| 1-year house growth | +17.9% | - |
| 3-year house growth | +27.7% | - |
| Vacancy rate | 2.3% | 2.8% |
| Population | 4,924 | 111 |
Churchill vs Red Lion: what the numbers say
Houses cost about the same in both suburbs: the median house price is $460K in Churchill and $460K in Red Lion.
For units, Churchill sits at a median of $430K against $425K in Red Lion, which makes Red Lion the more affordable unit market and Churchill the pricier one.
Rental vacancy is 2.3% in Churchill and 2.8% in Red Lion, so landlords in Churchill face less competition for tenants.
Churchill is the bigger suburb, with a population of 4,924 against 111, roughly 44 times the size of Red Lion; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Churchill 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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