Colac VIC 3250

Property Details: • Type: New House & Land

• Bedrooms: 4 • Bathrooms: 2

Description: What's driving Colac is a combination of steady demand and very limited supply. From a fundamentals perspective, the rental market is the strongest indicator. Vacancy rates are currently sitting around 0.5%-0.9% (SQM Research / local agent data), which is extremely tight. Anything below 2% is considered a landlord's market, so this reflects a genuine undersupply of housing rather than short-term demand. This aligns with what we're seeing on the ground. Colac has a well-established local economy, particularly in food production, agriculture, and timber, with major employers such as Bulla Dairy Foods, Australian Lamb Company, and AKD Softwoods (ABS Census 2021 / Colac Otway economic profile). As the area is not reliant on a single industry, employment tends to be more stable, which supports consistent rental demand. In terms of demographics, there is a strong proportion of working-age residents, particularly in the 20-29 age bracket-typically the group most likely to rent, further reinforcing demand. Property description: Affordable Family Style 4 bed home: Land: 377Price: $211,000. Has title Home: 159.58m2 Build: $367,358 Total size is 4 beds, 2 baths and 2 cars FIXED PRICE CONTRACT: $578,358 RENTAL ESTIMATE: Estimate for rental is $610 per week TO PURCHASE: TWO CONTRACTS - this property is subject to availability Land plus HIA Building Contract Land is registered - land settles in 14 days after finance approval Finance approval in 21 days from date of land contract Initial deposit on EOI $1000 refundable FOR SALE: $578,358 Kaye Tilley 0418 823 046