Colac Otway
Wye River
Wye River at a glance
Median house
$381,000
Median unit
$274,320
Population
67
Median age 48
About
Welcome to Wye River.
Wye River (3234) sits in the Colac Otway region of Victoria. The median house here is $381,000, well below the Victoria median of around $850K.
Wye River has roughly 67 residents, with an established, older skew. Households are predominantly owner-occupied.
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Houses change hands at $381,000 on a typical sale, well below the Victoria median. Units come in around $274,320, roughly 28% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $76,000. Prices are well below the Victoria median, which keeps Wye River on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$381,000
+0.0% over the past year. Median unit price $274,320.
Rental and ownership
Weekly rent (house)
$301/wk
Weekly rent (unit)
$301/wk
Owner occupied
77%
Renter occupied
31%
At a deeper level
$381,000
$274,320
67
Median age: 48
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For investors
Investment overview.
Gross rental yield on houses sits at 4.11% (median rent $301/wk against a $381,000 price tag). Units yield 5.71% gross, often the better cash-flow play for first-time investors. With 31% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)4.11%
Based on $381,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)5.71%
Based on $274,320 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 202677%
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 Wye River's population at 67, with a median age of 48. That sits as an established, older skew. Households are predominantly owner-occupied (77% own, 31% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (46%), often a marker of unit-heavy stock and walkable infrastructure.
Population
67
Median age
48
Family households
31%
Lone person
46%
Demographics data as of May 2026· ABS 2021 Census
Day to day
What it’s like to live here.
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 5 government primary.
Safety
Crime and safety.
4
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
Place
Location.
Amenities
Transport
Education
Schools in Wye River.
Local schools for Wye River
View the catchment for each school to find out more.
Government School Catchment
Lorne P-12 College
Forrest Primary School
Apollo Bay P-12 College
© 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 Wye River.
- What is the median house price in Wye River?
- The median house price in Wye River, VIC 3234 is $381,000. The median unit price is $274,320. Annual growth is +0.0%.
- What is the Wye River postcode?
- Wye River is in the 3234 postcode, in VIC, in the Colac Otway region.
- What is the average rent in Wye River?
- The median weekly rent for houses is $301, for units it's $301.
- What schools are in Wye River?
- There are 7 schools serving Wye River on this page, including Lorne P-12 College, Forrest Primary School, Apollo Bay P-12 College.
- What suburbs are near Wye River?
- Wye River is close to Wye River, Separation Creek, Separation Creek, Kennett River, Kennett River.
- What is the population of Wye River?
- Wye River has approximately 67 residents. The median age is 48.
Wye River
Guides
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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