Colac West
VIC, 3250
-
Colac Otway
Thinking about buying in Colac West? Now could not be a better time, with just 188 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $838,000 with prices in this suburb ranging from $507,000 to $1,101,000. The aproximate distance to the coast is 42 Km.
Household Makeup
| Median Weekly Rent | $230.00 |
| Median Monthly Mortgage | $1629.00 |
| Median Persons Per Bedroom | 0.80 |
| Average Household Size | 3.00 |
| Average Age | 36.00 |
| Average Income | $862.00 |
| Average Cars Per Dwelling | 2.57 |
| Average Properties Within 50M | 9 |
Housing Stock
Average Property Prices
| 1 Bed $506,000 |
| 3 Bed $760,000 |
| 4 Bed $995,000 |
Colac West 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 West 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 West 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 West 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 West 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.
Local Schools
Colac South West Primary School
Colac West Primary School
(While the above schools are located with the suburb of Colac West there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Colac West 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
Camperdown - Greater then 10KM
Colac - Less than 5 KM
Winchelsea - Greater then 10KM
General Points of Interest
Colac Lawn Tennis Club - Less than 10 KM
Colac Central Bowling Club - Less than 5 KM
Colac Golf Club - Less than 10 KM
Red Rock Volcano Complex - Less than 10 KM
Colac Plaza - Less than 5 KM
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