OA Logo Green
search icon

Get a property report and suburb profile for any property in Lake Bolac

Join the 2.6 million Australians* who use our services every year.

Geo Page

Lake Bolac suburb profile

Lake Bolac is a small rural town in western Victoria centred on a shallow freshwater lake and surrounding wetlands, giving the place a strong outdoors feel. It serves as a local service centre for broadacre farms, with a community made up of farming families, people who work in nearby towns and those drawn to a quieter country lifestyle. The townscape is a mix of modest weatherboard cottages and larger farmhouses, and everyday life revolves around the lake, local sporting clubs, a pub and community facilities. Visitors and residents enjoy fishing, birdwatching and easy access to open farmland and regional roads.

Lake Bolac property market performance

Like many smaller suburbs, Lake Bolac sees relatively few recent property transactions, so there isn't enough recent data to publish a reliable median price for houses or units. Recent sale and rental activity is too limited to report median days on market, numbers of sales or average rents.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
N/AN/A
Sold
Past 3 months
N/AN/A
Median days on market
Past 12 months
N/AN/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Lake Bolac demographics

Lake Bolac is a small community of 368 people, with a median age of 48 years. The median total household income is $1,230 a week, roughly $64,000 a year.

Family life is dominated by couple families: couples without children are the largest single group at 51%, and couples with children make up 41%, so couple families together represent about nine in ten families. One-parent families account for 3% and other families 5%.

In Lake Bolac, most homes are owner-occupied, about 84.5% combined, with 58.1% owned outright and 26.4% owned with a mortgage. A remaining 15.5% of dwellings are rented.

Suburbs near Lake Bolac

Some popular suburbs near Lake Bolac include:

  • Streatham: rural township in western Victoria's farming country.
  • Glenthompson: quiet agricultural village surrounded by broad grazing and cropping land.
  • Caramut: settled farming community on largely flat pastoral landscapes.
  • Mortlake: regional service town set among volcanic plains and farmland.
  • Derrinallum: small town at the foot of Mount Elephant, a volcanic cone.

How does Lake Bolac compare to nearby suburbs?

    Choose the right real estate agents in Lake Bolac

    Currently, there are 4 real estate agents working in Lake Bolac—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

    Only 5 out of these 4 agents sold 100.0% of all properties in Lake Bolac over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

    Real estate agents in Lake Bolac typically charge a commission of 2.13% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

    Geo Page

    Get a head start and compare top local agents in Lake Bolac

    Not quite ready to sell?

    icon

    Property report

    Suburb and property report

    Completed by independent professional experts not a computer.
    Get a free property reporticon right chevron
    icon

    OpenEstimates

    Digital estimate for your property

    Compare your property to three recent sales to get a digital estimate.
    Get a comparative estimateicon right chevron
    icon

    Navigate the market like a pro

    Navigate the market

    Get an understanding of the market signals you should keep an eye on.
    Understand your local marketicon right chevron