ABS 2021 Census · Updated 31 March 2026
Colac is a regional centre in Victoria, Australia, with a population of approximately 9,243, making it a smaller community. Located approximately 132 km from the Melbourne CBD, Colac is a regional area in Victoria. The median household income is $57,616 AUD per year (ABS 2021 Census).
Colac's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Map shows Colac, Victoria, Australia.
Official Australia Post postcode for Colac. 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 2 schools within or near this suburb based on ABS 2021 data.
Find schools near Colac on My School →Estimated 4 parks 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, Colac 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 $260/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,213/month. 78% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.
Buy-and-hold in Colac carries higher risk due to limited demand drivers and slower growth fundamentals.
Achieving strong cash flow in Colac is challenging at current rent-to-price ratios.
The resale market in Colac may not support quick-turnaround renovation projects.
Run the numbers on a Colac property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Colac faces a cautious growth outlook for 2026 — investors should focus on yield rather than short-term gains. The rental market in Colac should see steady occupancy, with moderate upward pressure on rents. Investor sentiment toward Colac is currently lukewarm — value hunters may find opportunity here.
Colac is a regional area in Victoria with a population of 9,243. The median rent is $260/week and the median household income is $57,616/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 Colac include regional employment hubs, lifestyle, and affordability. 78% of dwellings are separate houses. The area has approximately 2 schools and 4 parks nearby.
According to the ABS 2021 Census, Colac has a population of approximately 9,243. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Colac is approximately 132 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.