Colac VIC 3250

Property Details: • Type: New House & Land

• Bedrooms: 6 • Bathrooms: 3

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: very large dual occupancy dwelling 4 beds + 2 beds Land: 770m2 Price: $290,000. Has title Home: 248.99m2 Build: $482,281 Dwelling 1: 4 beds, 2 baths and 1 car Secondary Dwelling: 2 beds, 1 bath and 1 car FIXED PRICE CONTRACT: $782,281 RENTAL ESTIMATE: Estimate for rental is $910 to $950 total 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: $772,281 Kaye Tilley 0418 823 046