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Suburb Insights ยท VIC 3351

Lake Bolac 3351, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Lake Bolac is a regional centre in Victoria, Australia, with a population of approximately 368, making it a boutique locality. Located approximately 186 km from the Melbourne CBD, Lake Bolac is a regional area in Victoria. The median household income is $63,960 AUD per year (ABS 2021 Census).

Investment Score

28 / 100 Weak

Lake Bolac's income profile suggests a value-oriented market with competitive purchase prices. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Lake Bolac, Victoria, Australia.

Key Indicators

Postcode
3351

Official Australia Post postcode for Lake Bolac. A postcode may cover multiple suburbs.

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Population
368

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$150/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$63,960/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
186 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$980/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
78% houses

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 โ†’

Investment Insight

As a regional centre, Lake Bolac 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 $150/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $980/month. 78% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Long-term holding in Lake Bolac requires careful assessment of local economic resilience.

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Rental Yield

Achieving strong cash flow in Lake Bolac is challenging at current rent-to-price ratios.

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Renovation / Flip

The resale market in Lake Bolac may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Lake Bolac property

Full Property Analysis

30-year projections for Lake Bolac

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Lake Bolac faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental pipeline in Lake Bolac is thinner โ€” flexible lease terms could help secure tenants faster. Investor sentiment toward Lake Bolac is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Lake Bolac a good suburb for investment?

Lake Bolac is a regional area in Victoria with a population of 368. The median rent is $150/week and the median household income is $63,960/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Lake Bolac?

Key demand drivers in Lake Bolac include regional employment hubs, lifestyle, and affordability. 78% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Lake Bolac?

According to the ABS 2021 Census, Lake Bolac has a population of approximately 368. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Lake Bolac from the Melbourne CBD?

Lake Bolac is approximately 186 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 โ€” local amenities and employment are important investment considerations.

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