What each type of home costs
| Home | Median rent | On $60k | On $80k | On $100k | Salary for rent under 30% of pay |
|---|---|---|---|---|---|
| All homes | $485 | 50% | 40% | 33% | $85,000 |
| 1-bedroom unit | $305 | 32% | 25% | 20% | $53,000 |
| 2-bedroom unit | $420 | 43% | 34% | 28% | $73,000 |
| 3-bedroom house | $500 | 52% | 41% | 34% | $87,000 |
A common guide is that rent above 30% of your gross income is "rental stress". In Colac-Otway, keeping the median rent under that line takes a salary of about $85,000, or a combined household income of that much if you rent with someone.
Nearby areas in Barwon South West
| Area | Median rent | On $80k |
|---|---|---|
| Moyne | $470 | 38% |
| Glenelg | $450 | 37% |
| Greater Geelong | $530 | 43% |
| Warrnambool | $560 | 46% |
| Queenscliffe | $580 | 47% |
| Southern Grampians | $390 | 32% |
| Corangamite | $380 | 31% |
| Surf Coast | $600 | 49% |
Cheaper nearby: Moyne ($470), Glenelg ($450), Southern Grampians ($390).
Based on 79 new leases in Colac-Otway in the June quarter 2026.
See your full take-home pay with the pay calculator, or compare rents across Victoria and NSW.
Rent data: Homes Victoria, Rental Report: quarterly median rents by local government area (June quarter 2026), CC BY 4.0 (DataVic), Homes Victoria (source). Median weekly rent for new leases. Take-home pay is our calculation with the ATO's 2026–27 withholding formulas.