ABS 2021 Census · Updated 31 March 2026
Rheola is a regional centre in Victoria, Australia, with a population of approximately 52, making it a boutique locality. Located approximately 171 km from the Melbourne CBD, Rheola is a regional area in Victoria. The median household income is $58,448 AUD per year (ABS 2021 Census).
Rheola's income profile suggests a value-oriented market with competitive purchase prices. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Map shows Rheola, Victoria, Australia.
Official Australia Post postcode for Rheola. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Rheola on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As a regional centre, Rheola serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $449/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $975/month.
Long-term holding in Rheola requires careful assessment of local economic resilience.
Rheola can deliver reasonable rental income, though yields are not the primary draw.
Limited buyer depth in Rheola makes flip strategies higher-risk — consider rental conversion instead.
Run the numbers on a Rheola property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Rheola faces a cautious growth outlook for 2026 — investors should focus on yield rather than short-term gains. The rental pipeline in Rheola is thinner — flexible lease terms could help secure tenants faster. Rheola is not a headline market, but contrarian investors may see long-term potential.
Rheola is a regional area in Victoria with a population of 52. The median rent is $449/week and the median household income is $58,448/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Rheola include regional employment hubs, lifestyle, and affordability. 63% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Rheola has a population of approximately 52. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Rheola is approximately 171 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant — local amenities and employment are important investment considerations.