If you were to buy a house locally at the current median price of $249,750 and had 10% deposit, then you would need a mortgage for $224,775. This is relatively small mortgage compared to state.
With a net change of -100 people, COLAC 3250 has has shrunk when compared to other suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,144 which is $277 more every month. As a percentage rise, this makes COLAC, 3250 the number 5310th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
On a national list of suburbs ranked by median mortgage repayments, COLAC would be 5344th.