2. VIC
  3. Colac Otway

Colac VIC 3250

Houses Units

Here you can find what you need to know about Colac, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$470K Median Sale Price (National Average $485k) 635th In VIC
-6% Median Sale Price Change (1yr) (National Average 4.30%) 2592nd In VIC
$420pw Median Rent (National Average $395) 524th In VIC
4.7% Median Gross Yield (National Average 4.24%) 54th In VIC
Properties sold 150
Average discounting -4.79%
Average Days on Market 54
Stock on Market 65 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Colac, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Colac, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Colac, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Colac


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Colac, VIC 3250

Part of: Colac Otway Council No data available

The size of Colac is approximately 37.5 square kilometres. It has 20 parks covering nearly 2.3% of total area. The population of Colac in 2011 was 8,696 people. By 2016 the population was 9,066 showing a population growth of 4.3% in the area during that time. The predominant age group in Colac is 20-29 years. Households in Colac are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Colac work in a labourer occupation. In 2011, 67.4% of the homes in Colac were owner-occupied compared with 66.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Colac

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Colac   for Houses in last 12 months


There have been 150 Houses sold in Colac in the past 12 months with a median sale price of $470K, down 6.0% annually. It takes on average 36 days to sell with vendor discounting of -4.8%.

Others also viewed

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Coldstream VIC, 3770 4.70% $812,500 $550pw 3.5% View Suburb Profile
Elliminyt VIC, 3250 2.77% $742,500 $500pw 3.5% View Suburb Profile
Geelong VIC, 3220 6.25% $977,500 $500pw 2.7% View Suburb Profile
Elizabeth East SA, 5112 21.56% $428,500 $380pw 4.6% View Suburb Profile
Milsons Point NSW, 2061 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
North Wonthaggi VIC, 3995 -13.31% $563,500 $500pw 4.6% View Suburb Profile

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