Kerang vs Lyons
Property investment comparison - Kerang, VIC 3579 vs Lyons, VIC 3304
Head-to-head across core investment metrics: Kerang 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 | Kerang | Lyons |
|---|---|---|
| Median house price | $330K | $345K |
| Median unit price | $220K | - |
| Gross rental yield (houses) | 5.84% | 6.56% |
| Gross rental yield (units) | 5.20% | - |
| 1-year house growth | +9.4%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.7% | 0.8% |
| Population | 3,960 | 31 |
Kerang vs Lyons: what the numbers say
The median house price is $330K in Kerang and $345K in Lyons, so Kerang is the cheaper entry point, with Lyons houses about 5% dearer.
On cash flow, Lyons leads: houses there return a gross rental yield of 6.56%, compared with 5.84% in Kerang, a gap of 0.72 percentage points.
Rental vacancy is 0.7% in Kerang and 0.8% in Lyons, so landlords in Kerang face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Kerang is the bigger suburb, with a population of 3,960 against 31, roughly 128 times the size of Lyons; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lyons for rental income, Kerang for a lower purchase price, Kerang 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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