Colac, VIC 3250
Colac OtwayAll suburbs in postcode 3250
Updated
Median house price
$480,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Colac?
Get the free selling guide, personalised to Colac, or ask for a free appraisal from a local agent.
Colac at a glance
- Median unit
- $504,000
- Population
- 9,243
- Median age 44
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Population: 2021 Census
House prices in Colac
Houses change hands at $480,000 on a typical sale, well below the Victoria median. Units come in around $504,000, roughly -5% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $96,000. Prices are well below the Victoria median, which keeps Colac on the radar for first-home buyers and right-sizers.
Free appraisal in Colac
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What to know about Colac
Colac (3250) sits in the Colac Otway region of Victoria. The median house here is $480,000, well below the Victoria median of around $850K.
Colac has roughly 9,243 residents, with an established, older skew. Households are mostly owner-occupied. Daily life is car-friendly: most residents drive to work, school and the shops.
What it’s like to live here
Colac scores 36/100 on walkability, which makes it car-friendly with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 25°C (mild), winter mornings around 6°C (cool). Annual rainfall lands at about 668 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 4 government primary, 1 government secondary, 4 Catholic.
Schools in Colac
Location
Walkability
- Walk
- 36/100
- Transit
- 30/100
- Bike
- 60/100
Car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Colac's population at 9,243, with a median age of 44. That sits as an established, older skew. Households are mostly owner-occupied (66% own, 30% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (39%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 57%
- Lone person
- 39%
- Owner occupied
- 66%
- Renter occupied
- 30%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Crime and safety
968 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 668 mm
- Hottest month, avg max
- 24.8°C
- Coldest month, avg min
- 5.9°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Colac
- What is the median house price in Colac?
- The median house price in Colac, VIC 3250 is $480,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $504,000.
- How much is my house worth in Colac?
- A useful starting point is the Colac median house price of $480,000 (units $504,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Colac postcode?
- Colac is in the 3250 postcode, in VIC, in the Colac Otway region.
- Where is Colac?
- Colac is a suburb in the Colac Otway area, VIC 3250.
- What schools are in Colac?
- There are 10 schools serving Colac on this page, including St Mary's School, Colac West Primary School, Colac Primary School.
- How walkable is Colac?
- Colac has a Walk Score of 36 out of 100, car-dependent for most errands. transit score 30, bike score 60.
- What suburbs are near Colac?
- Colac is close to Colac East, Colac West, Elliminyt, Irrewarra, Balintore.
- What is the population of Colac?
- The population of Colac is approximately 9,243 (2021 Census). The median age is 44.
Selling in Colac? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.