Colac at a glance
Median house
$480,000
Median unit
$504,000
Walk score
36
Car dependent
Population
9,243
Median age 44
The brief
What to know about Colac.
The postcode for Colac is 3250 (VIC).
The median house price in Colac is $480,000.
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.
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Nearby suburbs
Day to day
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 3°C (cold). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Geelong Racecourse station, 83.9km away.
Schooling within or near the suburb covers 4 government primary, 1 government secondary, 4 Catholic.
Who lives here
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.
Population
9,243
Median age
44
Family households
57%
Lone person
39%
Demographics data as of May 2026· ABS 2021 Census
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.
Market
The price of a home here.
Median house price
$480,000
+0.0% over the past year. Median unit price $504,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$260/wk
Weekly rent (unit)
$260/wk
Owner occupied
66%
Renter occupied
30%
At a deeper level
$480,000
$504,000
9,243
Median age: 44
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For investors
Investment overview.
Gross rental yield on houses sits at 2.82% (median rent $260/wk against a $480,000 price tag). Units yield 2.68% gross, often the better cash-flow play for first-time investors. With 30% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.82%
Based on $480,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20262.68%
Based on $504,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202666%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
947
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
36
30
60
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Colac.
Local schools for Colac
View the catchment for each school to find out more.
Government School Catchment
Colac West Primary School
Colac Primary School
Colac South West Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
25.6°C
Coldest Month (avg min)
3.0°C
Monthly Rainfall (mm)
Weather data from BOM station Geelong Racecourse (84 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Colac.
- What is the median house price in Colac?
- The median house price in Colac, VIC 3250 is $480,000. The median unit price is $504,000.
- What is the Colac postcode?
- Colac is in the 3250 postcode, in VIC, in the Colac Otway region.
- Where is Colac?
- Colac is a regional suburb in VIC, postcode 3250, in the Colac Otway region.
- What is the average rent in Colac?
- The median weekly rent for houses is $260, for units it's $260.
- 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.
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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