[Estate - The Lookout]

  • $690,900
Colac, VIC 3250

[Estate - The Lookout]

Colac, VIC 3250
  • $690,900

Description

Colac, VIC 3250

Regional Lifestyle | Lake Living | Strong Rental Demand

Located approximately 150 km south-west of Melbourne and 75 km inland from the Great Ocean Road, Colac is a thriving regional city offering an excellent balance of affordability, lifestyle and investment potential. As the largest centre in the Colac Otway region, Colac provides quality education, healthcare, shopping and employment opportunities, making it an increasingly popular destination for families, professionals and property investors.

Why You’ll Love Colac

  • Friendly regional community with a relaxed country lifestyle.
  • Affordable housing offering excellent value compared to metropolitan Melbourne.
  • Strong rental demand supported by healthcare, manufacturing and agriculture.
  • Quality primary and secondary schools, childcare centres and TAFE facilities.
  • Colac Area Health providing comprehensive healthcare services.
  • Local shopping centres, supermarkets, cafés, restaurants and essential services.
  • Beautiful Lake Colac, parks, walking trails and recreational facilities.
  • Convenient access to the Great Ocean Road, Otway National Park and Geelong.

Key Highlights

  • Approximately 150 km to Melbourne CBD.
  • Approximately 75 km to the Great Ocean Road.
  • Regional hub for the Colac Otway Shire.
  • Home to Colac Area Health, one of the region’s largest employers.
  • Connected by the Princes Highway and V/Line rail services to Melbourne and Warrnambool.
  • Strong local economy supported by agriculture, dairy, food manufacturing, timber, healthcare and retail.
  • Close to Lake Colac, the Otway Ranges, wineries and popular tourist destinations.
  • Ongoing residential growth supporting long-term investment opportunities.

Ideal For

Whether you’re a first-home buyer, growing family, downsizer, retiree or property investor, Colac offers affordable living, strong rental demand and an excellent regional lifestyle. With its diverse economy, quality infrastructure and proximity to both Melbourne and Victoria’s iconic south-west coast, Colac continues to be an attractive destination for long-term property investment.

Property Details

Lot Price Beds Baths Garages Storeys Living Area Land Size
138 $690,900 4 + Media 2 Double Single 204.00 m2 516.00 m2

Investment Details

Land Price Build Price Title Status Weekly Rent Annual Rent Gross Yield
N/A N/A March 2027 $650 $33,800 4.89%

Address

  • Address Colac, VIC 3250
  • City Colac
  • State/County VIC
  • Zip/Postal Code 3250
  • Country Australia