Thinking about buying in Colo? Now could not be a better time, with just 13 residential dwellings it's a highly sought after location.
The average property price for this area is $422,000 with prices in this suburb ranging from $346,000 to $610,000.Distance to the coast is 161 Km.
In Colo there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Colo is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Colo 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 Colo 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.
|Median Weekly Rent||$175.00|
|Median Monthly Mortgage||$1200.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||2.00|
|Average Cars Per Dwelling||2.61|
|Average Properties Within 50M||1.00|
None within suburb boundary(While the above schools are located with the suburb of Colo there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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|Min (°C) |
|Max (°C) |
|Min (%) |
|Max (%) |
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source: Australian Government Bureau of Meteorology
|04-05-2018||$2,950,000||369 NEVILLE TRUNKEY RD COLO 2795|
|17-09-2014||$125,000||374 COLO RD COLO 2795|
|27-06-2012||$477,500||767 COLO RD COLO 2795|
|30-03-2011||$477,500||767 COLO RD COLO 2795|
|07-06-2007||$300,000||376 COLO RD COLO 2795|
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