Coolaroo at a glance
Median house
$601,300
Median unit
$228,240
Population
3,193
Median age 37
Walk score
0
Very car dependent
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Population: 2021 Census
Houses change hands at $601,300 on a typical sale, below the Victoria median. Units come in around $228,240, roughly 62% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $120,000. Prices are below the Victoria median, which keeps Coolaroo on the radar for first-home buyers and right-sizers.
Market
House prices in Coolaroo.
Median house price
$601,300
Median unit price $228,240.
Median · Land Victoria · the latest published quarter (updated May 2026)
Rental and ownership
Weekly rent (house)
–
Weekly rent (unit)
–
Owner occupied
63%
Renter occupied
29%
At a deeper level
$601,300
$228,240
3,193
Median age: 37
Free property appraisal in Coolaroo
What’s your home worth in Coolaroo?
A local agent who actually sells in Coolaroo will give you an honest number, backed by recent comparable sales. Free, no commitment to list.
The brief
What to know about Coolaroo.
Coolaroo's median house price is $601,300 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)).
Postcode 3048 (VIC), City of Hume, part of Greater Melbourne.
Coolaroo (3048) sits in the Hume region of Victoria. The median house here is $601,300, below the Victoria median of around $850K.
Coolaroo has roughly 3,193 residents, with a typical family-age mix. Households are mostly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
Compare Coolaroo with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Coolaroo scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 10 government primary, 2 government secondary, 2 Catholic, 4 independent.
Who lives here
Demographics.
The 2021 Census put Coolaroo's population at 3,193, with a median age of 37. That sits as a typical family-age mix. Households are mostly owner-occupied (63% own, 29% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (72% family households, 24% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
3,193
Median age
37
Family households
72%
Lone person
24%
Demographics data as of May 2026· ABS 2021 Census
Free guide · 2026 edition
Thinking of selling in Coolaroo?
The complete guide to selling: what it costs, how agents price your home, and a 12-week plan to settlement. Personalised to Coolaroo, free, in 60 seconds.
Free guide · 2026 edition
Thinking of buying in Coolaroo?
What you can actually spend, the 2026 first home buyer schemes for your state, and how not to overpay. A free buying guide, in about 60 seconds.
Get property alerts for Coolaroo
Be the first to know when new listings hit the market.
For investors
Investment overview.
Gross Yield (House)
Source: Land Victoria / DTP · May 2026–
Based on $601,300 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 2026–
Based on $228,240 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 202663%
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.
561
total offences in 2026
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 2026· State Police Open Data
Getting around
Walkability.
0
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Coolaroo.
Local schools for Coolaroo
View the catchment for each school to find out more.
Government School Catchment
Coolaroo South Primary School
Meadow Heights Primary School
Dallas Brooks Community Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Coolaroo.
- What is the median house price in Coolaroo?
- The median house price in Coolaroo, VIC 3048 is $601,300 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $228,240.
- How much is my house worth in Coolaroo?
- A useful starting point is the Coolaroo median house price of $601,300 (units $228,240). 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 Coolaroo postcode?
- Coolaroo is in the 3048 postcode, in VIC, in the City of Hume region.
- Where is Coolaroo?
- Coolaroo is a suburb of Melbourne, in VIC 3048. It is part of the Greater Melbourne area, in the City of Hume region.
- What schools are in Coolaroo?
- There are 20 schools serving Coolaroo on this page, including St Mary's Coptic Orthodox College, Coolaroo South Primary School, Holy Child School.
- How walkable is Coolaroo?
- Coolaroo has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near Coolaroo?
- Coolaroo is close to Dallas, Meadow Heights, Campbellfield, Somerton, Roxburgh Park.
- What is the population of Coolaroo?
- The population of Coolaroo is approximately 3,193 (2021 Census). The median age is 37.
Coolaroo
Buying
Selling
Surrounding Suburbs
Side by side
Compare Coolaroo vs a nearby suburb
See median prices, growth, schools, walkability and risk side by side in one view.
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 →
Always dated
Every figure on this page carries its source and as-of date in a tooltip. If a figure looks off to you, tell us and we’ll fix it within a week.
No login
No paywall, no sign-up, no download form. The suburb data is the product. We earn from partner brokers and agents on the rare occasion you ask for one.
Thinking about selling in Coolaroo?
The complete selling guide, personalised to Coolaroo: what it really costs, how agents price homes here, and a 12-week plan to settlement. Free PDF, 60 seconds.
Get the free selling guide