ABS 2021 Census · Updated 31 March 2026
Carranballac is a regional centre in Victoria, Australia, with a population of approximately 43, making it a boutique locality. Located approximately 157 km from the Melbourne CBD, Carranballac is a regional area in Victoria. The median household income is $117,000 AUD per year (ABS 2021 Census).
Strong household incomes in Carranballac underpin solid property demand. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.
Map shows Carranballac, Victoria, Australia.
Official Australia Post postcode for Carranballac. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Carranballac on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As a regional centre, Carranballac serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $120/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,200/month. A median household income of $117,000/year supports premium property values and indicates a well-employed resident base.
A buy-and-hold approach in Carranballac could work well with careful property selection and a longer time horizon.
Rental yields in Carranballac tend to be lower — investors may need to rely on capital growth instead.
Limited buyer depth in Carranballac makes flip strategies higher-risk — consider rental conversion instead.
Run the numbers on a Carranballac property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital growth in Carranballac may remain subdued in 2026, with limited demand drivers in the near term. Landlords in Carranballac may face longer tenant search times; competitive pricing will be important. Sentiment is subdued, though improving local conditions could shift perceptions over time.
Carranballac is a regional area in Victoria with a population of 43. The median rent is $120/week and the median household income is $117,000/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Carranballac include regional employment hubs, lifestyle, and affordability. 52% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Carranballac has a population of approximately 43. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Carranballac is approximately 157 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant — local amenities and employment are important investment considerations.