Get a property report and suburb profile for any property in Red Lion

Join the 2 million Australians* who use our services every year.

Geo Page

Red Lion suburb profile

Red Lion is a quaint rural locality in Victoria, situated within the Shire of Central Goldfields. Known for its serene countryside and close-knit community, Red Lion offers a peaceful retreat from the hustle and bustle of city life. The area is characterized by its expansive landscapes, agricultural activities, and a rich history linked to the gold rush era. Residents and visitors enjoy the tranquility and natural beauty of the region, with opportunities for outdoor activities and exploration. Red Lion's proximity to Maryborough provides access to essential amenities while maintaining its charming rural atmosphere.

Red Lion property market performance

Red Lion's property market has remained static over the past 12 months, with no recorded changes in median house or unit values. The median house and unit prices have both remained at $0, indicating a lack of market activity in the area.

There have been no house or unit sales in the past 12 months, and properties have not been listed on the market, as reflected by the median days on market being zero for both houses and units.

Similarly, the rental market in Red Lion has seen no movement, with average rents for both houses and units remaining at $0, and no change in rental prices over the past year.

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

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Red Lion demographics

Red Lion, a small rural locality in Victoria, offers a tranquil lifestyle amidst the picturesque Australian countryside. With a population of just 111, it is a close-knit community where residents enjoy the peace and quiet of rural living. The median age of 52 suggests a mature population, likely comprising long-term residents who appreciate the slower pace and natural beauty of the area.

The family structure in Red Lion is predominantly made up of couple families with children, accounting for 62.5% of the families, while couple families without children make up 25%. This indicates a family-oriented community, where traditional family values are likely cherished. The presence of one-parent families is minimal, at 12.5%, and there are no other family types reported, highlighting the suburb's homogeneity in family structures.

Property ownership in Red Lion is characterized by stability, with a significant portion of homes owned outright (38.2%) or with a mortgage (61.8%). Interestingly, there are no rental properties, which underscores the community's preference for home ownership and long-term settlement. The median total household income weekly is $1312, reflecting the modest yet comfortable living standards typical of rural areas. Overall, Red Lion offers a serene and stable environment, ideal for those seeking a retreat from the hustle and bustle of urban life.

Red Lion infrastructure, key developments and investment opportunities

There are currently no widely reported major infrastructure or redevelopment projects specific to Red Lion that are expected to significantly alter the local property market in the short term. As a small rural locality within the Shire of Central Goldfields, Red Lion remains characterised by larger lifestyle and farming properties, with buyers typically attracted by space, affordability and proximity to nearby townships for services and employment.

Any future changes to demand and values in Red Lion are more likely to be influenced by broader regional trends, including upgrades and planning initiatives in nearby centres within the shire, as well as improvements to regional road networks connecting residents to larger towns and job hubs. For now, the area continues to appeal primarily to lifestyle purchasers seeking acreage rather than benefiting from suburb-specific infrastructure investment.

Red Lion rental market trends

The rental market in Red Lion has remained stable over the past year, with both house and unit rents showing no change, maintaining a median rent of $0 per week. This indicates a lack of rental activity or data in the area, suggesting limited demand or availability in this particular suburb.

Suburbs near Red Lion

Some popular suburbs near Red Lion include:

Common questions about Red Lion

  • Is Red Lion a nice place to live?

    Red Lion is a charming and peaceful place to call home, offering a delightful rural lifestyle that is perfect for those who appreciate the serenity of the countryside. With its expansive landscapes and rich historical backdrop, the suburb provides a unique blend of natural beauty and a sense of community that is hard to find elsewhere. Families will find Red Lion particularly appealing, as it fosters a family-oriented environment where traditional values are cherished. The close-knit community is welcoming, making it an ideal place for raising children in a safe and nurturing setting.

    While Red Lion offers a tranquil lifestyle, it does come with certain trade-offs. The rural setting means that while essential amenities are accessible in nearby Maryborough, residents may need to travel for more extensive shopping or entertainment options. The lack of rental properties highlights a strong preference for home ownership, which contributes to the suburb's stability and long-term community ties. However, this might pose a challenge for those looking to rent rather than buy.

    For those who enjoy outdoor activities, Red Lion's picturesque surroundings provide ample opportunities for exploration and relaxation. The suburb's peaceful vibe is complemented by its proximity to larger townships, ensuring that while residents can enjoy the quiet of rural living, they are not completely isolated from urban conveniences. Safety is generally not a concern, making it a secure environment for families and individuals alike. Overall, Red Lion is a wonderful place to live for those seeking a serene and stable lifestyle amidst the beauty of the Australian countryside.

    Down Pointer
  • Is it expensive to live in Red Lion?

    Living in Red Lion might be quite affordable compared to other areas, especially when considering the real estate market. With the current median house and unit prices at $0, it suggests that there might not be a significant market for buying and selling properties, or that data might not be available due to the small size or rural nature of the suburb. Additionally, the average rent for both houses and units over the last 12 months is also reported as $0, indicating that rental properties might not be commonly available or that costs are negligible.

    The average wage in Red Lion is around $68,000 per year, which aligns with the median total household income of $1,312 per week. This is generally lower than the average wage in larger Victorian cities like Melbourne, where the average salary is typically higher. Given the absence of significant housing costs, living in Red Lion could be considered quite affordable, particularly for those who are earning the local average wage. However, it's important to consider other living expenses and the potential need for commuting to nearby areas for work or amenities, which could impact overall affordability.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
    Down Pointer
  • Is Red Lion a good place to invest?

    Red Lion might not be the first suburb that comes to mind when thinking about rapid property investment growth, but it does offer a unique opportunity for those looking for stability. Over the past year, there hasn't been any change in median house or unit values, nor in rental prices, which suggests a stable market. This can be appealing for investors who prefer a low-risk environment where property values aren't subject to the volatility seen in more dynamic markets.

    The lack of change in property values and rental prices could indicate that Red Lion is a tightly held community, where residents value the lifestyle and are less inclined to sell or move frequently. This stability can be attractive for investors seeking consistent rental income without the pressure of fluctuating market conditions. While it may not promise quick capital gains, Red Lion's steady nature makes it a reliable choice for those looking to invest in a community-focused area.

    Down Pointer

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.