Colac at a glance
9,153
People
$495,000
Median sale
$411/wk
Median rent
4.32%
Suburb gross yield
Median sale from 126 recorded sales (last 12 months) — a Districts calculation.
$515,000
Last sold
1 Apr 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
488 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$515,000
1 Apr 2026 · derived via latest_sale
Local land rate: recorded House sales in Colac (last 5 years) with land size have a median of $675/m² of land (n=133). Districts calculation from recorded sales — not a valuation.
Colac at a glance
9,153
People
$495,000
Median sale
$411/wk
Median rent
4.32%
Suburb gross yield
Median sale from 126 recorded sales (last 12 months) — a Districts calculation.
Vs Colac
+4.0%
Median sale
Suburb $495,000
-0.17 pp
Gross yield
Suburb 4.32%
Suburb median $495,000 from 126 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
Colac Otway
Colac Otway, VIC
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 489 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $411/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 489 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Colac at a glance
9,153
People
$495,000
Median sale
$411/wk
Median rent
4.32%
Suburb gross yield
Median sale from 126 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Richardson Real Estate ColacBeautifully updated and thoughtfully designed, this inviting home blends charming original character with modern ease. Set on a tidy corner allotment, it offers light‑filled living, quality finishes, and multiple indoor and outdoor spaces perfect for day‑to‑day comfort and relaxed entertaining.
Inside, the floorplan flows effortlessly. A welcoming second living area sits off the entry, ideal as a quiet retreat or family lounge. Further along, the open plan kitchen, dining and living area forms the heart of the home. The kitchen features a central island bench, sleek cabinetry, gas cooking, and a spacious layout suited to busy households and home cooks alike. Timber flooring and neutral tones enhance the sense of warmth, while large windows bring in plenty of natural light.
The home includes three generous bedrooms, each with built‑in storage and ceiling fans, positioned conveniently near the main bathroom. The bathroom is well appointed with a separate bath, large shower and vanity, presented in soft, timeless tones.
Outdoor living is equally impressive. A covered alfresco area overlooks the neat, low‑maintenance yard, creating a perfect space for year‑round barbecues, gatherings, or simply unwinding. Additional paved areas offer multiple places to enjoy the outdoors, with room for outdoor settings, a fire pit or plant displays. The secure yard provides privacy, while the wide frontage adds to the appealing street presence.
A standout feature is the large shed, offering excellent space for vehicles, workshop use or recreational gear, along with the practicality of built‑in storage options and concrete flooring. A large electric sliding gate provides ease of access to the backyard and shed, further enhancing convenience and functionality.
Fresh, bright and move‑in ready, this home delivers comfort, style and practicality in equal measure, positioned close to Colac’s amenities, schools and recreation.
*All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
Listing description written by Jake Theodore, Richardson Real Estate Colac — reproduced as published, not verified by Districts.