All About Lake Bolac, Ararat, VIC, 3351
Lake Bolac, located in the Ararat region of Victoria, offers a unique housing market that's appealing to those looking for a peaceful, rural lifestyle. The area predominantly features a mix of family homes, charming cottages, and vacant land, providing potential residents with various options to suit different needs. Over recent years, the property market in Lake Bolac has seen moderate growth, reflecting a steady demand driven by those seeking affordable housing within a tight-knit community environment. The affordability of properties compared to major cities makes Lake Bolac an attractive option for first-home buyers, retirees, or those looking to invest in a serene and natural setting.
Living in Lake Bolac means enjoying the tranquility of rural life combined with the charm of a cozy community. The town is surrounded by picturesque landscapes, including the nearby Lake Bolac itself, a popular spot for fishing, boating, and bird-watching. Residents benefit from a relaxed pace of life with access to essential amenities, such as a local primary school, general store, and a health center. Community spirit is a core aspect of life here, with various local events and activities fostering a strong sense of belonging among its inhabitants. Although more extensive facilities require a drive to nearby Ararat or Ballarat, the town's peaceful atmosphere and natural beauty offer a desirable lifestyle for those who value living close to nature.
Household Makeup
| Median Weekly Rent | $150.00 |
| Median Monthly Mortgage | $1000.00 |
| Median Persons Per bed houseroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 57.00 |
| Average Income | $551.00 |
| Average Cars Per Dwelling | 1.97 |
| Average Properties Within 50M | 9 |
| Typical 1 bed house | $229,000 |
| Typical 2 bed house | $343,000 |
| Typical 3 bed house | $332,000 |
| Typical 4 bed house | $534,000 |
| Typical 5 bed house | $322,000 |
| Typical 6 bed+ house |
Housing Stock
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Lake Bolac Real Estate Market Outlook
Thinking about buying in Lake Bolac? Now could not be a better time, with just 317 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $353,000 with prices in this suburb ranging from $100,000 to $6,211,000. The aproximate distance to the coast is 68 Km.
Consistent high demand relative to supply is a key feature in Lake Bolac driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Lake Bolac due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Lake Bolac changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Lake Bolac the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationHouses for sale Lake Bolac
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139 Montgomery Street, Lake Bolac, VIC, 3351 |  |
 1 |
Auction on site December 9, 2023 |
Local Schools
Lake Bolac College
(While the above schools are located with the suburb of Lake Bolac there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Lake Bolac weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.9 | 10.8 | 29.0 | 28.2 | 91.9 | 4.6 | 26.2 |
| Feb | 0.8 | 11.5 | 27.8 | 34.6 | 93.8 | 4.4 | 22.3 |
| Mar | 0.8 | 9.9 | 24.2 | 40.3 | 93.8 | 4.2 | 16.6 |
| Apr | 1.1 | 7.8 | 20.3 | 46.7 | 95.2 | 3.8 | 12.2 |
| May | 1.5 | 6.1 | 15.8 | 60.6 | 95.9 | 4.0 | 8.9 |
| Jun | 1.5 | 4.4 | 12.9 | 70.5 | 97.4 | 3.8 | 7.4 |
| Jul | 1.6 | 4.4 | 12.3 | 70.8 | 97.3 | 4.5 | 7.6 |
| Aug | 1.7 | 3.9 | 13.0 | 66.5 | 98 | 4.2 | 10.3 |
| Sept | 1.5 | 5.0 | 16.0 | 59.8 | 98.2 | 4.3 | 14.7 |
| Oct | 1.5 | 5.9 | 19.3 | 51.6 | 97.8 | 3.9 | 19.4 |
| Nov | 1.0 | 7.2 | 22.0 | 43.5 | 96.8 | 4.0 | 22.5 |
| Dec | 1.2 | 9.3 | 25.9 | 33.8 | 94.3 | 4.3 | 26.1 |
source: Australian Government Bureau of Meteorology
Public Transport
Glenthompson - Greater then 10KM
General Points of Interest
Lake Bolac Golf Club - Less than 1 KM
Nearby Suburbs
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