All About Colac West, Colac Otway, VIC, 3250
Colac West, situated in the Colac Otway Shire in Victoria, presents a housing market that reflects both the charm and challenges of living in a regional area. The market here tends to offer a range of properties, from modest family homes to larger rural estates, catering to a mix of buyers seeking affordability and space. Compared to bustling urban centers, property prices in Colac West can be relatively more accessible, which draws interest from first-time homebuyers and those looking to escape city life. In recent years, there has been a steady interest in the area, influenced by its proximity to natural attractions and the allure of a quieter lifestyle. However, like many regional markets, it can experience fluctuations based on broader economic conditions and local developments.
Living in Colac West offers residents a blend of tranquility and community spirit, characteristic of regional Victoria. The area is known for its close-knit community, where neighbors often know each other and local events foster a sense of belonging. This region boasts access to beautiful natural landscapes, with nearby attractions like the Great Otway National Park providing ample opportunities for outdoor recreation. Residents can enjoy the balance of rural living with the convenience of Colac's town center, which is only a short drive away and provides essential services, shopping, and dining options. The lifestyle here is marked by a slower pace, making it ideal for those who appreciate a more relaxed and scenic environment.
Household Makeup
| Median Weekly Rent | $230.00 |
| Median Monthly Mortgage | $1629.00 |
| Median Persons Per bed houseroom | 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 |
| Typical 1 bed house | $506,000 |
| Typical 3 bed house | $760,000 |
| Typical 4 bed house | $995,000 |
Housing Stock
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Colac West Real Estate Market Outlook
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.
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.
Instant Property ValuationLocal 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
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
Nearby Suburbs
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