Bonshaw vs Colac
Property investment comparison - Bonshaw, VIC 3356 vs Colac, VIC 3250
Head-to-head across core investment metrics: Bonshaw wins 1, Colac wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Bonshaw | Colac |
|---|---|---|
| Median house price | $510K | $510K |
| Median unit price | $485K | $370K |
| Gross rental yield (houses) | 4.29% | 5.00% |
| Gross rental yield (units) | 3.68% | 5.49% |
| 1-year house growth | - | +8.4% |
| 3-year house growth | - | +4.5% |
| Vacancy rate | 0.4% | 0.7% |
| Population | 949 | 9,243 |
Bonshaw vs Colac: what the numbers say
Houses cost about the same in both suburbs: the median house price is $510K in Bonshaw and $510K in Colac.
For units, Bonshaw sits at a median of $485K against $370K in Colac, which makes Colac the more affordable unit market and Bonshaw the pricier one.
On cash flow, Colac leads: houses there return a gross rental yield of 5.00%, compared with 4.29% in Bonshaw, a gap of 0.71 percentage points.
Rental vacancy is 0.4% in Bonshaw and 0.7% in Colac, so landlords in Bonshaw face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Colac is the bigger suburb, with a population of 9,243 against 949, roughly 10 times the size of Bonshaw; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Colac for rental income, Bonshaw for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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