Median price trend for houses
Based on 4 sales in the preceding 12 months
$564,000
Up 39.1% over 12 months
- 3 bed
- $365k
Aerial view
Imagery © Esri
The quick read on
Lake Bolac
VIC 3351 · Ararat
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $564,000
- Population
- 368
- Postcode
- 3351
latest suburb median
ABS 2021
Lake Bolac, Victoria
Property market insights for Lake Bolac
Median sale price and rental income of properties in Lake Bolac VIC
Median rent trend for houses
Based on 2 rental listings in the preceding 12 months
$375 per week
No change over 12 months
Market data updated October 2026.
The median house price in Lake Bolac, VIC is currently $564,000, based on the latest 12 months of sales. Lake Bolac has a 12-month growth rate of 39.1% for houses.
Three-bedroom houses have a median sale price of $365,000 in Lake Bolac.
If you're looking to lease, the median rent for houses in Lake Bolac is $375 per week. The median house rent has remained unchanged over the last 12 months.
Crime and safety
Is Lake Bolac safe?
The overall rate for Lake Bolac is 2,711 offences per 100,000 residents — 33% below the Rest of Vic. benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Lake Bolac.
Overall crime rate
2,711
offences per 100,000 residents
33% belowRest of Vic.
Lake BolacRest of Vic.: 4,070
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Lake Bolac?
Lake Bolac VIC 3351 is in Victoria, within Rest of Vic..
368 people call Lake Bolac home, with an average of 2.3 people per household and a median household income of $1,230 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 368
- Median age
- 48 years
- Median mortgage
- $980 / month
- 2021 household rent
- $150 / week
Above the benchmarkBelow the benchmarkIn lineRest of Vic. benchmark
Age profile
Share of residents in each age band.
Under 1518.5%Above
15–3412.5%Below
35–5427.4%Above
55–7430.2%Above
75 and over11.1%Above
Homes
Share of occupied private dwellings.
Separate houses95.9%Above
Townhouses0.0%Below
Apartments0.0%Below
Ownership
Share of homes with a stated ownership or rental status.
Owned outright58.1%Above
Paying a mortgage26.4%Below
Renting15.5%Below
Cars at home
Vehicles available to occupied households.
No car0.0%Below
One car24.1%Below
Two cars38.6%In line
Three or more32.4%Above
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home22.8%Above
Drove to work50.3%Below
Train, tram or bus0.0%Below
Walked or cycled6.6%Above
What stands out in Lake Bolac
22.8% of workers in Lake Bolac worked from home on Census day — noticeably more common than across Rest of Vic..
3.0% of Lake Bolac residents were born in New Zealand, about twice the rate across Rest of Vic..
47.3% of people in Lake Bolac described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Lake Bolac
Open any question for a plain-English reading of the public 2021 Census for Lake Bolac VIC 3351.
Is Lake Bolac family-friendly?Age, family structure and household size describe the community families would be joining.
18.5% of Lake Bolac's residents were children under 15 in the 2021 Census. That is close to the Rest of Vic. average.
99 family households lived in Lake Bolac; 41.4% were couple families and 3.0% were one-parent families.
38.4% of local families included children under 15. That is somewhat above the Rest of Vic. average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Lake Bolac?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Lake Bolac had 368 residents at the 2021 Census.
22.3% of residents were aged 25 to 44.
41.3% were 55 or older. That is somewhat above the Rest of Vic. average.
Age shares use the suburb’s total Census population.
What kind of homes are in Lake Bolac?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 95.9% of occupied private dwellings in Lake Bolac.
Townhouses and other attached homes represented 0.0% of occupied private dwellings.
Flats and apartments accounted for 0.0% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Lake Bolac?Tenure shows how many households own outright, have a mortgage or rent.
58.1% of households with a stated tenure owned their home outright. That is well above the Rest of Vic. average.
26.4% were buying their home with a mortgage.
15.5% rented their home. That is well below the Rest of Vic. average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Lake Bolac?Household-size data shows the mix behind the suburb-wide average.
The average household in Lake Bolac had 2.3 people.
One-person households made up 30.1% of occupied homes. That is close to the Rest of Vic. average.
Two-person households represented 42.0%, while 23.1% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Lake Bolac?Census-day travel shows the balance between home, road, public transport and active travel.
22.8% of workers worked from home on Census day. That is well above the Rest of Vic. average.
50.3% drove a car as their only travel method. That is well below the Rest of Vic. average.
0.0% used only a train, tram or bus, while 6.6% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Lake Bolac?Vehicle availability helps describe the routines local households can support.
0.0% of occupied households had no motor vehicle available. That is about half the Rest of Vic. rate.
One-car households formed 24.1% of the total.
71.0% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Lake Bolac, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
64.4% were at the same address five years earlier, while 35.6% reported a different address.
9.8% of residents were born outside Australia. That is somewhat below the Rest of Vic. average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Lake Bolac?Language at home gives a direct view of the community’s everyday linguistic mix.
88.0% of residents used only English at home.
2.2% used a language other than English at home.
0.0% spoke Mandarin at home, 0.0% spoke Cantonese and 0.0% spoke Hindi.
Home language is separate from English proficiency.
Where were Lake Bolac residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
9.8% of Lake Bolac's population was born outside Australia, while roughly 90.2% was born in Australia.
0.0% of residents were born in China.
0.0% were born in India, while Australian citizenship across the whole suburb stood at 83.7%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Lake Bolac?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 35.3% of ancestry responses in Lake Bolac.
Australian ancestry made up 43.8% of responses.
Chinese ancestry represented 0.0% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Lake Bolac?Occupation describes a person’s role; industry describes the sector employing them.
10.2% of employed residents worked in professional occupations. That is about half the Rest of Vic. rate.
Managers accounted for 38.3% of employed residents, while clerical and administrative workers made up 10.2%.
Health care and social assistance employed 4.2% of workers, and education and training employed 10.8%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Lake Bolac?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 56.6%, compared with 57.4% across Rest of Vic..
31.0% of residents aged 15 and over worked full time, while 20.7% worked part time.
Unemployment was 1.2%, compared with 4.1% across Rest of Vic..
Labour-force figures come from the 2021 Census.
What does the health profile of Lake Bolac show?Selected long-term health conditions help describe community service needs.
57.3% reported no selected long-term health condition.
10.1% reported a long-term mental health condition, including depression or anxiety.
7.1% reported asthma, 10.1% arthritis and 5.7% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Lake Bolac?Qualifications describe the study pathways represented among local residents.
21.6% of people in the qualifications table held a bachelor degree. That is close to the Rest of Vic. average.
Postgraduate degrees accounted for 0.0% of qualification responses.
Diploma-level qualifications represented 17.0%, while certificate-level qualifications represented 31.3%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Lake Bolac?Census income and household payments give historical context for local living costs.
Median household income was $1,230 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $980.
Occupied renting households reported a median rent of $150 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Lake Bolac compare with Rest of Vic.?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 22.8% in Lake Bolac, compared with 15.1% across Rest of Vic..
Outright ownership was 58.1% locally and 40.9% across Rest of Vic.. That is well above the Rest of Vic. average.
Renting accounted for 15.5% in Lake Bolac, against 24.5% across Rest of Vic..
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Lake Bolac
Is Lake Bolac expensive?
The median house price is $564,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Lake Bolac good for families?
The Census counted 99 local families, and 18.5% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Lake Bolac?
3-bedroom houses have a median around $365,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Lake Bolac
32 streets in Lake Bolac
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Back Bolac Rd
- East Beach Rd
- Estate Rd
- Frontage Rd
- Geddes Rd
- Glenelg Hwy
- Graham Rd
- Granges Ln
- Karmala Ln
- Leach Rd
- Mccrows Rd
- Mcinnes Ln
- Mckays Ln
- Mckenzies Ln
- Mcmasters Rd
- Meek Rd
- Montgomery St
- Moreton Rd
Show all 32 streetsShow fewer streets
- Mortlake-Ararat Rd
- Murray Rd
- Norbank Rd
- Olympic Rd
- Pagels Ln
- Parupa Park Rd
- Parupa Rd
- Plantation Rd
- Sago Rd
- South Beach Rd
- Warings Ln
- Weighbridge Pl
- Wills Rd
- Woorndoo-Streatham Rd
12 suburbs surrounding Lake Bolac
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Lake Bolac right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.