Thinking about buying in Colac? Now could not be a better time, with 6002 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $515,000 with prices in this suburb ranging from $95,000 to $2,332,000. The aproximate distance to the coast is 38 Km.

Colac Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Colac due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Colac 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 Colac 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.

Houses for sale Colac

	37 JENNINGS ST, COLAC, VIC, 3250	2	2	1	579900
	33 MILLER ST, COLAC, VIC, 3250	3	1	2	415000
	UNIT 4, 54 HART ST, COLAC, VIC, 3250	3	2	2	480000
	12 WYNNE ST, COLAC, VIC, 3250	3	2	2	577000
	1-3 GRAVESEND ST, COLAC, VIC, 3250	3	1	2	650000
	109 JENNINGS ST, COLAC, VIC, 3250	3	2	1	460000
	8 INGLIS CT, COLAC, VIC, 3250	3	1	1	410000
	9 BORWICK ST, COLAC, VIC, 3250	3	2	2	645000
	42 GELLIBRAND ST, COLAC, VIC, 3250	4	1	2	770000
	3 ROSS ST, COLAC, VIC, 3250	3	2	2	470000
	49 POLWARTH ST SOUTH, COLAC, VIC, 3250	4	2	1	490000
	55 WALLACE ST, COLAC, VIC, 3250	3	1	2	485000
	UNIT 4, 58 WALLACE ST, COLAC, VIC, 3250	3	1	2	399000

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General Points of Interest

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