138 Jennings Street, Colac, VIC 3250 | Land for sale | OnTheHouse
 
FOR SALE
New Price $400,000 to $440,000

138 Jennings Street
Colac VIC 3250

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Land area: 1ha
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Acreage Living Meets Township Convenience

Positioned in one of Colac's most sought-after pockets, this exceptional 2.8 acre (approx.) parcel in Jennings Street presents a rare chance to secure space, lifestyle and future opportunity all in one.
Currently Farming Zoned, the property offers outstanding long-term appeal with neighbouring properties already zoned residential, highlighting the exciting future subdivision and development potential (STCA). Opportunities of this scale and location within the township are becoming increasingly hard to find.
For those dreaming of building the ultimate family home, this is the perfect canvas. Enjoy the freedom of acreage living with room for shedding, gardens, animals and space for the kids to roam, all while remaining just moments from the convenience of central Colac. It's the best of both worlds - peaceful country-style living with town amenities only a couple of minutes away (STCA).
Families will love the location, surrounded by established homes and within close proximity to schools, healthcare services, and popular sporting facilities including Western Reserve.
Whether you're looking to landbank, develop in the future (STCA), or create your forever lifestyle property, this is a truly unique offering in a premium Colac location.
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Property Details for 138 Jennings St, Colac

Building Type
Land
Land Size
1ha
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About Colac 3250

The size of Colac is approximately 37.5 square kilometres. There are 20 parks, covering nearly 2.3% of the total area. The population of Colac in 2016 was 9048 people. By 2021 the population was 9243 showing a population growth of 2.2% in the area during that time. The predominant age group in Colac is 60-69 years. Households in Colac are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Colac work in a labourer occupation.In 2021, 65.80% of the homes in Colac were owner-occupied compared with 66.60% in 2016.

Colac has 5,904 properties. Over the last 5 years, Houses in Colac have seen a 30.01% increase in median value, while Units have seen a 13.35% increase. As at 31 July 2026:

  • The median value for Houses in Colac is $512,595 while the median value for Units is $374,206.
  • Houses have a median rent of $490 while Units have a median rent of $415.
There are currently 21 properties listed for sale, and 4 properties listed for rent in Colac on OnTheHouse. According to Cotality's data, 358 properties were sold in the past 12 months in Colac.

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