Property value increases in Colac have tracked just lower than the VIC average of 10.83% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Colac comes in at number 514th in VIC.
Colac3250 is located in VIC which offers an average discount of -5.41% to property investors. Colac itself is showing figures that indicate -4.80% is the average achievable by property buyers investing in the suburb.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.39%, without taking into account capital value appreciation, which has been averaging out at 3.42%.
Over the last year, property investments in Colac, 3250 have given investors a capital gain of -2.17%. This compares badly with the 4.90% for VIC as a whole.
While Colac,3250 ranked number 355th in VIC for increase in median house value (annualised) increase, it is ranked 219th over the last 5 years.
Sellers are offering property buyers an average discount of -4.91% to buyers in Colac at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $235 mark per week – giving a return of 5.43% based on the median price in Suburb