Average rent in Colac, VIC — 2026

Colac comes in cheaper than most of Victoria — the typical renter pays $260/week, around 28% below the state median of $363/week (ABS Census 2021). Most households here own (around 71% are owners or paying down a mortgage), and only 26% rent. The suburb is overwhelmingly separate houses (88%), with very little high-density stock. Population is around 12,756, median age 42, and the most common occupation category is Labourers. 10% of residents were born overseas. At 136km from Melbourne, Colac typically sits outside the inner-ring rent pressure zone — but state rent indices since 2021 have moved a lot, so the live figure above is a better current guide than the Census baseline.