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Colac, VIC 3250

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Colac, VIC 3250 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Colac, VIC 3250”

  1. The total adult population (15 years or older) of Colac 3250 VIC is 7,770, with a median age of 44. Of those, 38.02% are married, 14.29% are divorced or separated, 38.48% are single and 9.27% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,164. The median monthly mortgage repayment for households in this suburb is $1,213 which is 19.68% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the picturesque state of Victoria, the suburb of COLAC 3250 offers a welcoming environment to its estimated 5,384 households. Delving into the Q3 statistics of 2023 showcases enticing investment prospects in the local property market.

    The typical price for buying a house in COLAC 3250 rounds off to $539,485, with median weekly rents panning out at approximately $424. These figures translate into a rather impressive indicative yield of 4.09% for potential investors— promising yield above the 3% minimum attractive market requirement for cashflow-centred property investors.

    Analysing the local demographics and socio-economic conditions, COLAC’s IRSAD score is pleasingly positioned at 875 out of 1217. This score demonstrates a thriving community with a healthy socio-economic status. Furthermore, the suburb enjoys a balanced housing scene, mirrored by a renter to owner ratio fitting comfortably at 30%. Also, the low units to houses ratio of 9% suggests that the property market is not oversaturated with rental properties, making it a more favourable investment choice.

    A deeper dive into property affordability sees COLAC with an index marking 34 years to fully own a property. While tipping slightly over the standard 30-year mortgage projection, it is crucial to note that other positive metrics may offset this factor.

    Supply metrics reflect a promising low stock on market percentage at a mere 0.23%, and similarly favourable is the short inventory level at 0.92 months. The building approvals ratio is neatly positioned at 1.0%, indicating a balanced supply of new dwelling stock in the market.

    Taking a glance at demand metrics, we observe houses averaging 68 days on the market. While this is a little over the 35-day ideal for high demand, it remains firmly below the 90-day marker of low demand. Despite this, the vacancy rate (which factors in both houses and units) fits comfortably at 1.61%, signalling neutral demand. The buy search index for houses stands at 3, outlining a modest interest in property purchases.

    Overall, COLAC 3250 in Victoria offers valuable potentials for investors who value a steady socio-economic environment and balanced housing market. Keeping an eye on sale, rent and supply-demand trends can further encourage fruitful real estate investments in such a vibrant suburb. Remember to utilise tools such as the RCS (Relative Composite Score) metric developed by HtAG Analytics, which considers over 80 metrics, streamlining your property market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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