Not sure where to invest? Take the 2-min quiz and we'll rank your top 10 suburbs.
Take the 2-min quiz12,000+ suburbs | 110k+ live listings | refreshed daily
Sign up free to save this suburb, build a shortlist, and compare against 12,000+ Australian suburbs.
See a sample suburb report before signing up or paying. | Take the 30-second product tour
Redcastle, VIC 3523
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$665,000
list-price estimate
Median Unit
$225,000
Gross Yield (houses)
5.5%
1yr Growth
-
Investment snapshot for Redcastle
Redcastle has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Redcastle verdict
Pros, risks, supporting metrics, investment score and cashflow. Included with Pro access.
Short-term access. No subscription. See all plans
See sample analysis before paying.
Investment score breakdown
See exactly which signals drive Redcastle - yield, growth, affordability, vacancy, livability, safety, and demographics.
Access from $20. Cancel anytime. See all plans
Secure checkout by Stripe. Cancel anytime.
Redcastle market and investor summary
In Redcastle, VIC 3523, houses show a gross rental yield of 5.5%. At 5.3% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.5% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 5.3% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 82 days on market, so plan for a slower exit if you ever need one.
Living in Redcastle: people, income and schools
About 67 people live in Redcastle, and the area has been growing steadily, up about 10% over five years. The median age is 54, an older, established demographic, and families account for 66% of households.
Households here earn a median of about $59,000 a year, or roughly $1,130 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
- Population
- 67
- +10% over 5yr
- Median age
- 54 years
- Median household income
- $59,000/yr
- Households renting
- 14%
- Family households
- 66%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 5.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Redcastle
No properties currently listed in Redcastle
Search Redcastle listings →Frequently asked questions about Redcastle
What should I check before investing in Redcastle?
Redcastle has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 9.2%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Redcastle?
The median property price in Redcastle, VIC 3523 is $225K for units.
What rental yield does Redcastle show?
The gross rental yield in Redcastle is 5.5% for houses and 9.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Redcastle?
The current vacancy rate in Redcastle is 5.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Redcastle?
Redcastle has a population of approximately 67 residents, with a median age of 54.
Is Redcastle's population growing?
The population of Redcastle has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
Keep researching with PropRadar
Free tools for the rest of your investment decision, no card required.
Beyond each listing
PropRadar works across your whole search: shortlists and portfolios start free, while heavier discovery, export and advisory workflows are available on paid tiers.
Portfolio tracking
Track owned properties with portfolio value, LVR, yield, cashflow and allocation rolled up in one place.
Open portfolioWatchlists and saved searches
Shortlist up to 5 properties and suburbs for free. Essentials raises the limits and adds saved search alerts.
Open watchlistDeal Finder
A live Pro browser for undervalued listings with solid yield, ranked so thin price gaps stay out of the list.
Open Deal FinderMarket Finder
Shortlist suburbs by yield, growth, vacancy, active inventory and sales depth before you inspect individual listings.
Open Market FinderStrategy tools
Hold vs Sell, Stress Tester, Strategy Recommender and Portfolio Rebalancer for decisions across several properties.
Open toolsBuilding a product on property data? Explore the PropRadar API