Property value increases in Colac have tracked just lower than the VIC average of 11.00% over the last 12 months.
A 21.82% growth in median value for property investors in Colac,3250 puts this suburb at number 275th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Colac is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 315th in terms of most discounted suburbs in VIC
Situated 133.76km from the CBD, Colac is one of Colac-Otway localities in the postcode 3250.
Colac is in the bottom 10% in VIC when comparing median price capital growth over the last year. Colac gave property investors a dismal capital gain figure when compared to the rest of the state, with -13.04%.
If we look at median property appreciation over just the last three months, Colac has given property investors a paper return of -20.63%. This puts Suburb as 365 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Colac, 3250. Typically our figures indicate that -5.22% is being offered, which puts this VIC suburb at 649th most discounted overall in Australia.
Colac is 11th on a list of best yielding suburbs for rents in VIC with a 6.17% return