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Investment Property Colac, VIC, 3250

Suburb Snapshot

Colac is a suburb in the Colac-Otway Region of Victoria. Colac has a population of 9,048 people and 24.42% of its occupants live in rental accommodation. The median listing price for houses is $536,000 and this has changed 7.84% over the past year and changed 9.72% over 2 years.

The median rent in Colac for houses is $420 per week and the median rental yield is 4.07%. Stock on the market for houses/townhouses has changed 7.41% compared to last year and the average time to sell a house/townhouse is 105 days.The median listing price for units is $431,000 and this has changed 0.93% over the past year. The average unit takes 86 days to sell and the median rent for a unit in Colac is $320 per week, producing a rental yield of 3.86%.

Supply & Demand in Colac, Colac-Otway

0.38%

Current vacancy rate


18

Rental stock available


9,048

Population


24.42%

Rental population


0.41%

Current vacancy rate


57

Rental stock available


20,974

Population


16.05%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Colac, Colac-Otway

  House Townhouses Units
Median listing price $536,000 NA $431,000
Median price change - last quarter 0.47% NA 1.42%
Median price change - 1 year 7.84% NA 0.93%
Median price change - 2 years 9.72% NA 7.08%
  House Townhouses Units
Median weekly rent $420 $400 $320
Median yield % 4.07% NA 3.86%
Median rent change - 1 year 5.00% NA -4.48%
  House Units
Previous month sales 7 0
Stock on market previous month 145 6
Stock variance vs. last year 7.41% -33.33%
Average days on market 105 86

Colac investment property listings

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