548 Corangamite Lake Road, Cororooke VIC 3254
This property is Off Market
- The Average property price in this area is $785,829, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 48.31 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Colac Region
With an average age of 34, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $250. The average family earns a weekly income of $1,733 with a typical household size of 2.6 and a 96.08% employment rate.
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 Cororooke due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Cororooke changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Cororooke 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.
Public Transport
Birregurra
General Points of Interest
Colac Lawn Tennis Club
Colac Central Bowling Club
Colac Golf Club
Red Rock Volcano Complex
Colac Plaza
Population
(Country of Birth not stated 12%)
Are people healthy?
There are a recorded 720 asthma sufferers and 219 people living with diabetes. In addition, 339 people have a heart/vascular condition and 582 people live with three or more chronic diseases.A good place to invest in property?
Colac Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
39 / 100
52 / 100
Industry
02 / 100
17 / 100
Population
08 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
24 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsColac Secondary College Alvie Consolidated School
-
Trinity College Colac Inc
Colac, VIC, 3250 Independent 7-12 -
Colac West Primary School
Colac, VIC, 3250 State Prep-6 -
Colac Specialist School
Colac, VIC, 3250 State U -
Colac Secondary College
Colac, VIC, 3250 State 7-12 -
Colac Primary School
Colac, VIC, 3250 State Prep-6 -
Sacred Heart School
Elliminyt, VIC, 3250 Independent Prep-6 -
Colac South West Primary School
Colac, VIC, 3250 State Prep-6 -
St Brendan's School
Coragulac, VIC, 3249 Independent Prep-6 -
Alvie Primary School
Alvie, VIC, 3249 State Prep-6 -
St Mary's School
Colac, VIC, 3250 Independent Prep-6
Property Story
548 Corangamite Lake Road, Cororooke, Vic, 3254 is a residential property . The estimated distance to the sea is 48.31km and 0.41KM to vegatation considered to be a factor in bushfire risk.Local Developments
To see the latest development applications
Join usAlready have an account? Sign in
-
134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
Report this property
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure
