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Red Lion, VIC 3371
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$460,000
market range $250K-$475K
Median Unit
$425,000
Gross Yield
-
1yr Growth
-
Investment snapshot for Red Lion
Red Lion has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Red Lion market and investor summary
In Red Lion, VIC 3371, the median house sells for around $460K. At 2.8% vacancy, it is a broadly balanced rental market.
Living in Red Lion: people, income and schools
Red Lion has a resident population of roughly 111, a number that has held fairly steady over five years. At a median age of 52, it reads as an older, established demographic, and 90% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $68,000 a year (about $1,310 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to about 6.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.
- Population
- 111
- +6% over 5yr
- Median age
- 52 years
- Median household income
- $68,000/yr
- Households renting
- 0%
- Family households
- 58%
- Socio-economic rank
- 1/10
- ABS advantage index
- Unemployment
- 6.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Red Lion
No properties currently listed in Red Lion
Search Red Lion listings →Frequently asked questions about Red Lion
What should I check before investing in Red Lion?
Red Lion has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Red Lion?
The median property price in Red Lion, VIC 3371 is $460K for houses and $425K for units.
How tight is the rental market in Red Lion?
The current vacancy rate in Red Lion is 2.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Red Lion?
Red Lion has a population of approximately 111 residents, with a median age of 52.
Is Red Lion affordable to buy in?
A median house in Red Lion costs about 6.7 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Red Lion's population growing?
The population of Red Lion has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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