Colac Otway Shire, VIC

Colac Shire Otway is a local government area in Victoria’s Barwon South West district, in the state’s south-western corner. Apollo Bay, Beeac, Beech Forest, Birregurra, Colac, Cressy, Forrest, Johanna, Kennett River, Lavers Hill, Warrion, and Wye River are all included in one municipality. It was established in 1994 when the City of Colac, the Shire of Colac, the Shire of Otway, and a portion of the Shire of Heytesbury merged.

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Labourers (18.3 %), Managers (17.0 %), Technicians and Trades Workers (13.7 %), Professionals (12.3 %), and Community and Personal Service Workers (11.8 %) are the most prevalent professions in Colac-Otway.

In Colac-Otway, the typical weekly personal income for individuals aged 15 years and older is $574.

In Colac-Otway, 90.7 % of occupied private homes are detached houses, 7.1 % are semi-detached, row or terrace houses, townhouses, or other buildings, 0.6 % are flats or apartments, and 0.9 % are other dwellings.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

Property Market in Colac Otway Shire, VIC

What other property markets are there near Colac Otway Shire, VIC?

Colac Otway Shire is surrounded by 3 other council areas – Corangamite, Golden Plains, Surf Coast.

Suburbs/localities in this Local Government Area: Glenaire 3238, Balintore 3249, Aire Valley 3237, Grey River 3234, Hordern Vale 3238, Irrewarra 3249, Irrewillipe 3249, Irrewillipe East 3249, Johanna 3238, Kawarren 3249, Kennett River 3234, Larpent 3249, Lavers Hill 3238, Barongarook 3249, Barongarook West 3249, Barramunga 3249, Barunah Plains 3329, Marengo 3233, Barwon Downs 3243, Mount Sabine 3236, Beeac 3251, Murroon 3243, Beech Forest 3237, Nalangil 3249, Ombersley 3241, Ondit 3249, Pennyroyal 3235, Petticoat Creek 3233, Separation Creek 3234, Skenes Creek 3233, Skenes Creek North 3233, Sugarloaf 3234, Swan Marsh 3249, Tanybryn 3249, Birregurra 3242, Warncoort 3243, Warrion 3249, Weeaproinah 3237, Weering 3251, Whoorel 3243, Winchelsea 3241, Wongarra 3234, Wye River 3234, Wyelangta 3237, Yeo 3249, Yeodene 3249, Yuulong 3237, Bungador 3260, Cape Otway 3233, Apollo Bay 3233, Carlisle River 3239, Colac 3250, Colac East 3250, Colac West 3250, Coragulac 3249, Cororooke 3254, Corunnun 3249, Cundare 3251, Elliminyt 3250, Eurack 3251, Ferguson 3237, Forrest 3236, Gellibrand 3239, Gerangamete 3249

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