Colac, VIC 3250

Colac, VIC 3250

Compare Part of Colac-Otway

134.29 km
Distance from CBD
9 k
Population

Auction Times

Fri 24 May
 Auction Time Agency
53 Jennings Street
3 2 3 House
5:30 PM
Fri 24th May		 LJ Hooker
Sat 25 May
 Auction Time Agency
277 Hearn Street
4 2 2 House
11:00 AM
Sat 25th May		 LJ Hooker
Median Sale Price
House
-
Updated on Mar 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Mar 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$217,500
 0.0% $106,500 $420,000 50
2010
$234,000
 +7.1% $110,000 $650,000 85
2011
$219,000
 -6.8% $61,000 $780,000 48
2012
$225,000
 +2.7% $130,000 $625,000 53
2013
$230,000
 +2.2% $42,000 $525,000 137
2014
$238,000
 +3.4% $100,500 $830,000 143
2015
$246,000
 +3.3% $150,000 $647,500 83
2016
$260,000
 +5.4% $148,001 $775,000 159
2017
$282,000
 +7.8% $115,000 $840,000 153
2018
$300,000
 +6.0% $148,000 $720,000 172
2019
$315,000
 +4.8% $75,000 $851,500 158
2020
$355,000
 +11.3% $210,000 $1,000,000 133
2021
$425,000
 +16.5% $195,000 $1,410,000 167
2022
$505,000
 +15.8% $280,000 $1,200,000 166
2023
$485,000
 -4.1% $275,000 $1,600,000 143
2024
$470,000
 -3.2% $300,000 $920,000 47
Median Sale Price
$470K
Based on 136 recorded sales within the last 12 months
Updated on 13 May 2024
Suburb Growth
-6.4%
Current Median Price: $470,000
Previous Median Price: $500,000
Based on 298 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2024)
Price Range Segments (12 months ending Apr 2024)
Median Weekly Rent Price
House
-
Updated on Mar 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Mar 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$235
 0.0% $120 $375 104
2012
$250
 +6.0% $120 $520 123
2013
$260
 +3.8% $150 $450 192
2014
$280
 +7.1% $165 $400 187
2015
$270
 -3.7% $80 $2,580 201
2016
$280
 +3.6% $125 $420 194
2017
$290
 +3.4% $150 $450 163
2018
$320
 +9.4% $100 $500 133
2019
$320
 0.0% $170 $700 170
2020
$320
 0.0% $200 $480 148
2021
$365
 +12.3% $130 $490 96
2022
$400
 +8.8% $260 $520 112
2023
$420
 +4.8% $180 $600 129
2024
$430
 +2.3% $320 $600 52
Median Rent Price
$420
per week
Based on 126 recorded rent within the last 12 months
Updated on 13 May 2024
Rent Price Growth
0.0%
Current Median Rent: $420
Previous Median Rent: $420
Based on 260 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.6%
Current Median Price: $470,000
Current Median rent: $420
Based on 262 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2024)

Auction Results For Colac

Houses sold in Last 12 months ends 11 May 2024

$455K

Median Sale Price

75%

Clearance Rate

3/4

Sold/Reported

$481K

Highest Sale Price

Sold Price Range No. of Sold Properties
$400 K - $600 K
(Median Price Range)		 2
less than $400 K 1

Schools closest to Colac, VIC 3250

School name Address Type Sector Distance
Colac West Primary School 12 LIGAR STREETColac 3250 Primary Government 0.41 km
St Mary's School CALVERT STColac 3250 Primary Catholic 0.63 km
Colac South West Primary School 238 WILSON STREETColac 3250 Primary Government 1 km
Trinity College Colac Inc 119 HART STREETColac 3250 Secondary Catholic 1.35 km
Colac Secondary College Murray Street Campus Colac 3250 Secondary Government 1.15 km
Sacred Heart School 125 HART STCOLAC 3250 Primary Catholic 1.57 km
Colac Secondary College 173 QUEEN STREETColac 3250 Secondary Government 1.53 km
Colac Primary School 53-65 MURRAY STREET EASTColac 3250 Primary Government 1.41 km