All About Colac East, Colac Otway, VIC, 3250
Colac East, located in the Colac Otway region of Victoria, offers a unique blend of rural charm and accessibility that appeals to a wide range of residents. The housing market in Colac East is characterized by a variety of property types, from traditional homes nestled among leafy streets to more modern developments that cater to growing families and professionals. The area is known for its affordability compared to bigger cities, making it an attractive option for first-time homebuyers and those looking to settle down in a quieter environment. With increasing interest in regional living due to work-from-home trends, Colac East has seen steady demand, though it maintains a relatively stable market without the intense fluctuations seen in larger metropolitan areas.
Living in Colac East offers residents a welcoming community atmosphere with numerous amenities and natural attractions. The locality is surrounded by lush landscapes, including the beautiful Lake Colac and nearby Otway Ranges, providing ample opportunities for outdoor recreation and relaxation. The pace of life here is serene, with essential services, schools, and local shops ensuring convenience for daily needs. Community events and local markets foster a close-knit neighborhood vibe, making it an ideal place for families and retirees alike. Additionally, Colac East's proximity to larger town centers ensures that residents enjoy the best of both worlds—a peaceful, country lifestyle with easy access to urban facilities.
Household Makeup
| Median Weekly Rent | $262.50 |
| Median Monthly Mortgage | $1191.50 |
| Median Persons Per bed houseroom | 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 |
| Typical 1 bed house | $319,000 |
| Typical 2 bed house | $458,000 |
| Typical 3 bed house | $642,000 |
| Typical 4 bed house | $965,000 |
| Typical 5 bed house | $1,351,000 |
Housing Stock
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Colac East Real Estate Market Outlook
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.
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.
Instant Property ValuationHouses for sale Colac East
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26 Clark Street, Colac East, VIC, 3250 |  2 |
 1 |
 4 |
517000 |
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44 Marriner Street, Colac East, VIC, 3250 | 4 |
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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
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
Nearby Suburbs
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