Colac East
VIC, 3250
-
Colac Otway
Thinking about buying in Colac East? Now could not be a better time, with just 295 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $741,000 with prices in this suburb ranging from $320,000 to $1,898,000. The aproximate distance to the coast is 36 Km.
Household Makeup
| Median Weekly Rent | $262.50 |
| Median Monthly Mortgage | $1191.50 |
| Median Persons Per Bedroom | 0.75 |
| Average Household Size | 2.00 |
| Average Age | 42.50 |
| Average Income | $693.00 |
| Average Cars Per Dwelling | 1.72 |
| Average Properties Within 50M | 5 |
Housing Stock
Average Property Prices
| 1 Bed $319,000 |
| 2 Bed $458,000 |
| 3 Bed $642,000 |
| 4 Bed $965,000 |
| 5 Bed $1,351,000 |
Colac East 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 East due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Colac East leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Colac East to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Colac East 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 East
|
26 clark st, colac east, vic, 3250 |  2 |
 1 |
 4 |
517000 |
|
|
44 marriner st, colac east, vic, 3250 | 4 |
2 |
2 |
1050000 |
Local Schools
Colac Primary School
Colac Secondary College
Colac Specialist School
St Mary's School
(While the above schools are located with the suburb of Colac East there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Colac East weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.2 | 12.9 | 26.5 | 36.8 | 95.4 | 6.4 | 24.9 |
| Feb | 0.9 | 13.3 | 25.5 | 42.3 | 95.6 | 6.5 | 20.8 |
| Mar | 1.1 | 12.2 | 23.2 | 44.6 | 94.3 | 6.3 | 16.1 |
| Apr | 1.4 | 10.0 | 19.0 | 53.1 | 95.9 | 6.2 | 11.7 |
| May | 1.6 | 7.9 | 15.0 | 66.9 | 96.5 | 6.6 | 8.7 |
| Jun | 1.7 | 6 | 12.2 | 76.5 | 97.3 | 6.2 | 7.2 |
| Jul | 1.9 | 5.5 | 11.8 | 76.4 | 97.8 | 7.6 | 7.3 |
| Aug | 1.9 | 5.3 | 12.4 | 69.3 | 97.2 | 7.7 | 10.2 |
| Sept | 2.0 | 6.7 | 14.9 | 63.3 | 97.2 | 7.3 | 14.3 |
| Oct | 1.8 | 7.9 | 17.7 | 57.9 | 96.1 | 7.1 | 19.3 |
| Nov | 1.6 | 9.3 | 20.6 | 50.7 | 97.7 | 6.6 | 22.0 |
| Dec | 1.2 | 11.0 | 23.9 | 41.7 | 96.4 | 6.6 | 25.6 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Birregurra - Greater then 10KM
General Points of Interest
Colac Lawn Tennis Club - Less than 2 KM
Colac Central Bowling Club - Less than 5 KM
Colac Golf Club - Less than 10 KM
Colac Plaza - Less than 5 KM
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