Colac VIC 3250

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

$320k Median Sale Price (National Average $485k) 602nd In VIC
7.02% Median Price Change (1 yr) (National Average 4.30%) 181st In VIC
$310pw Median Rent (National Average $395) 558th In VIC
5.0% Median Gross Yield (National Average 4.24%) 87th In VIC
Upgrade to Premium to see median values for houses split by bedrooms. Learn more
Properties sold 169
Average discounting -3.23%
Average Days on Market 42
Stock on Market 33 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
Upgrade to Premium to view Investment Strategy Scores for every available property and suburb in Australia
Upgrade to Premium to view pros & cons and Investment Strategy Scores for every available property and suburb in Australia
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


Loading

State Auction Clearance Rates - August 2019

Auctions Clearance rate
VIC 649 81%
ACT 74 69%
NSW 487 86%
NT 6 0%
QLD 93 72%
SA 54 72%
TAS 2 100%
WA 20 62%

Local Schools


Loading

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 11 parks covering nearly 1.2% 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 169 Houses sold in Colac in the past 12 months with a median sale price of $320K, up 7.02% annually. It takes on average 42 days to sell with vendor discounting of -3.23%.

Streets in Colac


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Geelong VIC, 3220 -1.70% $722,500 $413pw 3.0% View Suburb Profile
Belmont VIC, 3216 2.23% $527,500 $375pw 3.7% View Suburb Profile
Moe VIC, 3825 13.66% $208,000 $255pw 6.4% View Suburb Profile
Elliminyt VIC, 3250 -11.08% $369,000 $360pw 5.1% View Suburb Profile
Boorowa NSW, 2586 -6.02% $250,000 $270pw 5.6% View Suburb Profile
Clayton Bay SA, 5256 -7.06% $316,000 Unavailable Unavailable View Suburb Profile