Question 1

Is Red Lion a nice place to live?

Accepted Answer

Red Lion is a small rural locality in western Victoria set among broad agricultural country and pockets of remnant bush. The landscape is dominated by paddocks and rolling hills with scattered farmhouses, timber cottages and newer rural homes on generous blocks, so it suits people after quiet country living and space for animals or hobby farming. Private vehicles are the usual mode of travel and everyday services such as shops, schools and health facilities are accessed in nearby regional towns.

With just 111 residents, Red Lion has a median age of 52 and a median household income of $1,312 a week, roughly $68,224 a year. The community is weighted towards couple families and homes are entirely owner-occupied (61.8% with a mortgage, 38.2% owned outright). There are no significant new infrastructure projects reported and nearby Maryborough provides shops, health and other essential services. Whether Red Lion suits you will come down to how much you value rural privacy, open skies and space versus ready access to services.

Question 2

Is it expensive to live in Red Lion?

Accepted Answer

There haven't been enough recent sales or rentals in Red Lion 3371 to publish reliable house or unit prices or rents. Without current price and rent figures, the suburb's median household income alone doesn't provide a clear picture of how expensive it is to live here compared with local incomes as recorded at the most recent Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Red Lion a good place to invest?

Accepted Answer

Red Lion hasn't had enough recent sales to put reliable figures on how house or unit prices and rents have moved over the past year. Without that information, there isn't a clear picture of how the suburb has performed as an investment lately.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	N/A	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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