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Lake Bolac, VIC 3351
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$495,000
market range $275K-$500K
Median Unit
$365,000
Gross Yield (houses)
5.6%
1yr Growth
-
Investment snapshot for Lake Bolac
Lake Bolac has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lake Bolac market and investor summary
Lake Bolac (VIC 3351) runs a median house price of $495K, with houses yielding a gross 5.6%. At 2.8% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.6% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 117 days on market, so plan for a slower exit if you ever need one.
Living in Lake Bolac: people, income and schools
About 368 people live in Lake Bolac, and the area has been growing steadily, up about 9% over five years. The median age is 48, skewed a little older, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $64,000 a year, or roughly $1,230 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to about 7.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing below the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 368
- +9% over 5yr
- Median age
- 48 years
- Median household income
- $64,000/yr
- Households renting
- 14%
- Family households
- 71%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 948
- Unemployment
- 3.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lake Bolac
View all →Frequently asked questions about Lake Bolac
What should I check before investing in Lake Bolac?
Lake Bolac has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.6%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lake Bolac?
The median property price in Lake Bolac, VIC 3351 is $495K for houses and $365K for units.
What rental yield does Lake Bolac show?
The gross rental yield in Lake Bolac is 5.6% for houses and 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Lake Bolac?
The current vacancy rate in Lake Bolac is 2.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Lake Bolac?
Lake Bolac has a population of approximately 368 residents, with a median age of 48.
What schools are near Lake Bolac?
There are 1 school within roughly 5km of Lake Bolac. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lake Bolac affordable to buy in?
A median house in Lake Bolac costs about 7.7 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Lake Bolac's population growing?
The population of Lake Bolac has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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