$260 —
Lower than 54% of urban centre areas.
- 2016: $218
- 2021: $260
Median weekly rent paid by households renting their home.
Colac · Urban Centre
Housing & Dwellings in Colac
Where and how people live — the homes, how they are held, and what they cost.
Much lower housing costs than the state or national figures define Colac, where the typical weekly rent is just $260. This affordability is paired with a high number of larger, detached homes. It is a place where residents generally spend far less on their mortgages and rent than people in the rest of Victoria.
$260
—
- $0–$21: 2 areas
- $21–$43: 6 areas
- $43–$64: 18 areas
- $64–$86: 38 areas
- $86–$107: 35 areas
- $107–$129: 46 areas
- $129–$150: 25 areas
- $150–$171: 104 areas
- $171–$193: 82 areas
- $193–$214: 143 areas
- $214–$236: 130 areas
- $236–$257: 175 areas
- $257–$279: 114 areas
- $279–$300: 125 areas
- $300–$321: 194 areas
- $321–$343: 101 areas
- $343–$364: 128 areas
- $364–$386: 82 areas
- $386–$407: 92 areas
- $407–$429: 41 areas
- $429–$450: 24 areas
- $450–$471: 32 areas
- $471–$493: 13 areas
- $493–$514: 19 areas
- $514–$536: 14 areas
- $536–$557: 9 areas
- $557–$579: 6 areas
- $579–$600: 15 areas
All urban centre areas, 2021. The marker is Colac — lower than 54% of areas.
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments of $1,300 and weekly rents of $260 are well below the figures for both Victoria and Australia. Both costs have risen since the last census, with rent increasing by $42 since 2016.
$1,300 ▲ +3.2%
Lower than 57% of urban centre areas.
- 2011: $1,260
- 2016: $1,257
- 2021: $1,300
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Colac, $200–$349 is the majority at 59%; Under $200 is next at 22%.
Monthly mortgage distribution
View on map →In Colac, $1,000–$1,799 is the majority at 53%; Under $1,000 is next at 27%.
Owning & renting
How homes are owned or rented.
Home ownership is strong here, with 39.4% of homes owned outright, which is well above the national figure of 31%. Renting is more common than in most similar areas, with 26.3% of households renting.
26.3% ▲ +3.7%
Higher than 64% of urban centre areas.
- 2011: 25.3%
- 2016: 25.9%
- 2021: 26.3%
Share of occupied private dwellings that are rented.
39.4% ▼ -0.1%
Lower than 51% of urban centre areas.
- 2011: 39.4%
- 2016: 38.7%
- 2021: 39.4%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Colac, the largest group is Owned outright at 39%, followed by Owned with a mortgage (31%) and Rented (26%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are very common, making up 87.9% of all homes, a figure far above the national average. Most homes are spacious, with 79.1% having three or more bedrooms, though the number of people per bedroom has fallen since 2011.
0.70 ▼ -36.4%
Lower than 86% of urban centre areas.
- 2011: 1.10
- 2016: 0.80
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
87.9% ▼ -0.2%
Lower than 74% of urban centre areas.
- 2011: 88.0%
- 2016: 87.5%
- 2021: 87.9%
Share of occupied private dwellings that are separate houses.
79.1% ▲ +3.6%
Higher than 57% of urban centre areas.
- 2011: 76.4%
- 2016: 76.6%
- 2021: 79.1%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Colac, Separate house is the majority at 88%; Townhouse / semi-detached is next at 11%.
Bedrooms per home
View on map →In Colac, 3 bedrooms is the majority at 54%; 4 bedrooms is next at 23%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Colac
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Colac [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/ucl/UCL213003/colac/topic/housing-dwellings