Investment property in Colac has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.27%
If we look at median property appreciation over just the last three months, Colac has given property investors a paper return of 0.71%. This puts Suburb as 201 on a list of fastest fasting appreciating suburbs in VIC
Colac3250 is located in VIC which offers an average discount of -6.82% to property investors. Colac itself is showing figures that indicate -3.43% is the average achievable by property buyers investing in the suburb.
In the last year 172 properties changed hands in Colac, which puts it as the 116th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.75%, investors should hope to achieve an overall return of 5.19%
Property investors who have had real estate in Colac, 3250 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 33.33%
Over the longer term, Colac has seen property prices show investors a 33.33% return over the last 3 years. This is the same as over the last 12 months
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 -2.97% is being offered, which puts this VIC suburb at 998th most discounted overall in Australia.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
Colac is 130th on a list of best yielding suburbs for rents in VIC with a 4.42% return