WHY CHOOSE TO INVEST IN colac?
Clearwater presents a unique opportunity to invest in a rapidly growing region with strong future potential. The Colac Otway Shire has projected for Colac to reach 20,000 residents by 2050 (currently 9,243~), driving demand for quality housing and making residential land an increasingly attractive asset. Ideally positioned near major highways, Clearwater offers seamless connectivity to Geelong, Melbourne, and the world-renowned Great Ocean Road.
Investing in Colac presents a compelling opportunity due to its robust property market dynamics. Colac’s rental market is tight, with vacancy rates at a low 0.5%, ensuring consistent demand for rental properties. Investors can also benefit from a solid gross rental yield of 4.9%, providing a reliable income stream and one of the best in the Victorian rental market.
With stunning natural attractions like Lake Colac and the Great Otway National Park enhancing the region’s appeal, Colac continues to draw residents seeking both lifestyle and convenience. Over the past five years, Colac has experienced a remarkable 49% increase in house prices, indicating strong capital growth potential. These factors collectively make Colac an attractive prospect for property investors seeking both steady rental returns and long-term growth.
Land in Colac is in high demand, and opportunities are limited! With prices starting from just $237,000*, now is the time to secure your future before it’s too late. Don’t miss out on your chance.
Market PROFILE
Market performance & capital growth
- Median House Price $470,000^
- Days on Market (Houses) 64 Days^
RENTAL YIELD & DEMAND
- Median House Rent $430^
- 5 Year Median House Rent Growth 44.6%^
- Gross Rental Yield (Houses) 4.9%^
- Households Renting 29.4%^
DEMOGRAPHICS
- Colac Otway Shire Population 22,273*
- Families 22%*
Key Industries, Infrastructure and Development
ln 2021, Colac Otway Shire was home to 10,642 employed residents, with 55% working full-time and 37% in part-time roles. Despite being a regional town, Colac is a powerhouse of industry, playing a vital role in some of Australia’s largest sectors.
Manufacturing leads local employment, with 1,514 people (14.2%) working in the sector, contributing to national supply chains. Health Care and Social Assistance follows closely, employing 1,415 residents (13.3%), supporting a growing demand for essential services.
Agriculture, Forestry, and Fishing remain key pillars of the region, with 1,210 people (11.4%) working in industries that fuel Australia’s food production and exports. This diverse economic landscape makes Colac Otway Shire a uniquely strong and sustainable hub for both business and investment.
Sources
https://www.realestate.com.au/vic/colac-3250/
https://profile.id.com.au/colac-otway/highlights?WebID=10
https://www.realestateinvestar.com.au/property/colac
https://abs.gov.au/census/find-census-data/quickstats/2021/SAL20607
DISCOVER A NEW HORIZON at clearwater
With a collective experience of more than two decades in the development field, the DM Property team is spearheaded by directors Brendan Mullan and David Dordevic.
DM Property delivers exceptional projects throughout Victoria, demonstrating a steadfast dedication to environmental, social, and governance practices whilst reinvesting in the local community through their projects.
