Northern Grampians Shire Council
Mount Cole Creek
Mount Cole Creek at a glance
Median house
$238,000
Median unit
$171,360
Walk score
0
Very car dependent
Population
10
Median age 57
About
Welcome to Mount Cole Creek.
Mount Cole Creek (3377) sits in the Northern Grampians region of Victoria. The median house here is $238,000, well below the Victoria median of around $850K.
Mount Cole Creek has roughly 10 residents, with a retiree-heavy demographic. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Nearby suburbs
Houses change hands at $238,000 on a typical sale, well below the Victoria median. Units come in around $171,360, roughly 28% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $48,000. Prices are well below the Victoria median, which keeps Mount Cole Creek on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$238,000
+0.0% over the past year. Median unit price $171,360.
Rental and ownership
Weekly rent (house)
$250/wk
Weekly rent (unit)
$213/wk
Owner occupied
75%
Renter occupied
–
At a deeper level
$238,000
$171,360
10
Median age: 57
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For investors
Investment overview.
Gross rental yield on houses sits at 5.46% (median rent $250/wk against a $238,000 price tag). Units yield 6.46% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)5.46%
Based on $238,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)6.46%
Based on $171,360 median
Annual Growth (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Annual Growth (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202675%
Higher = more owner-occupier demand
Days on Market
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
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.
Who lives here
Demographics.
The 2021 Census put Mount Cole Creek's population at 10, with a median age of 57. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (75% own, 0% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (75% family households, 0% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
10
Median age
57
Family households
75%
Lone person
–
Demographics data as of May 2026· ABS 2021 Census
Day to day
What it’s like to live here.
Mount Cole Creek 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 23°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Ballarat Aerodrome station, 12.8km away.
Schooling within or near the suburb covers 4 government primary, 1 government secondary, 2 Catholic.
Getting around
Walkability.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Mount Cole Creek.
Local schools for Mount Cole Creek
View the catchment for each school to find out more.
Government School Catchment
Ararat North Primary School
Ararat Primary School
Ararat West Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
23.2°C
Coldest Month (avg min)
7.3°C
Monthly Rainfall (mm)
Weather data from BOM station Ballarat Aerodrome (13 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Mount Cole Creek.
- What is the median house price in Mount Cole Creek?
- The median house price in Mount Cole Creek, VIC 3377 is $238,000. The median unit price is $171,360. Annual growth is +0.0%.
- What is the Mount Cole Creek postcode?
- Mount Cole Creek is in the 3377 postcode, in VIC, in the Northern Grampians Shire Council region.
- What is the average rent in Mount Cole Creek?
- The median weekly rent for houses is $250, for units it's $213.
- What schools are in Mount Cole Creek?
- There are 7 schools serving Mount Cole Creek on this page, including Ararat North Primary School, St Mary's School, Marian College.
- How walkable is Mount Cole Creek?
- Mount Cole Creek has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Mount Cole Creek?
- Mount Cole Creek is close to Dunneworthy, Crowlands, Eversley, Warrak, Mount Cole.
- What is the population of Mount Cole Creek?
- Mount Cole Creek has approximately 10 residents. The median age is 57.
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For Rent
Mount Cole Creek
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Side by side
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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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