Colac (VIC 3250): property prices & suburb profile
Colac Otway LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Colac property prices
The typical Colac house sold for around $487,000 in the year to 2025-Q4, +97.0% over 10 years and +47.0% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $226,500 | $240,000 |
| 2014 | $235,000 | $208,500 |
| 2015 | $246,500 | $203,000 |
| 2016 | $259,500 | $269,500 |
| 2017 | $282,500 | $225,000 |
| 2018 | $320,000 | $245,000 |
| 2019 | $315,000 | $312,500 |
| 2020 | $350,000 | $301,000 |
| 2021 | $420,000 | $343,500 |
| 2022 | $500,000 | $380,000 |
| 2023 | $481,000 | $440,000 |
| July 2023 | $520,000 | |
| Oct 2023 | $445,000 | |
| 2024 | $463,000 | $420,000 |
| Apr 2024 | $481,000 | $455,000 |
| July 2024 | $452,800 | $380,000 |
| Oct 2024 | $460,000 | $427,000 |
| 2025 | $460,000 | $451,000 |
| Apr 2025 | $480,000 | $488,000 |
| July 2025 | $458,800 | |
| Oct 2025 | $520,000 | $347,500 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Colac medians by quarter
The most recent quarter on record for Colac is 2025-Q4.
| 2025-Q4 | Unit | $348k | 12 |
| 2025-Q4 | House | $520k | 68 |
| 2025-Q3 | House | $459k | 43 |
| 2025-Q2 | Unit | $488k | 6 |
| 2025-Q2 | House | $480k | 39 |
| 2025-Q1 | Unit | $451k | 9 |
| 2025-Q1 | House | $460k | 31 |
| 2024-Q4 | Unit | $427k | 7 |
| 2024-Q4 | House | $460k | 46 |
| 2024-Q3 | Unit | $380k | 10 |
| 2024-Q3 | House | $453k | — |
| 2024-Q2 | Unit | $455k | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Colac
Colac has a median age of 44 and a median household income of $1,108 a week.
- Figures labelled Colac are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Colac" and postcode 3250 both extend beyond Colac.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Schools in Colac
The 6 mainstream schools in Colac sit at the 26th percentile nationally on ACARA's socio-educational index.
| Colac Primary School | Government | Primary | 946 |
| Colac Secondary College | Government | Secondary | 955 |
| Colac South West Primary School | Government | Primary | 948 |
| Colac West Primary School | Government | Primary | 899 |
| Lake Colac School | Government | Special | 933 |
| St Mary's School | Catholic | Primary | 1,025 |
| Trinity College Colac | Catholic | Secondary | 1,015 |
- ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
- Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
- Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.
Suburbs near Colac
Colac's typical house price of $487,000 is the 90th highest of the 117 Regional Victoria suburbs we cover.
Alexandra 3714
$556,000 typical house price
Alfredton 3350
$622,000 typical house price
Ararat 3377
$395,000 typical house price
Bairnsdale 3875
$463,000 typical house price
Ballarat Central 3350
$668,000 typical house price
Ballarat East 3350
$532,000 typical house price
Ballarat North 3350
$555,000 typical house price
Baranduda 3691
$656,000 typical house price
Colac: common questions
- How much does a house cost in Colac?
- About $487,000 across the 12 months to 2025-Q4, from 181 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Colac prices gone up?
- Prices have risen 97.0% over 10 years and moved +47.0% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Colac?
- The typical unit price was around $416,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 34 sales.
- Can I see Colac prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
- Which schools are in Colac?
- Colac has 7 ACARA-registered schools, including Colac Primary School, Colac Secondary College, Colac South West Primary School, Colac West Primary School, Lake Colac School, St Mary's School.
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Data sources
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This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.