16 Johnstone Cres, Colac is a 3 bedroom, 1 bathroom House. The property has a land size of 606m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 3 bedroom House sold in Colac in the last 12 months.
Set on a 606 sqm block, this weatherboard home presents an affordable opportunity for developers, investors, or first home buyers seeking a project with plenty of potential. The home offers three bedrooms, a functional kitchen with gas cooking, laminate benches and cabinetry, and a moderate bathroom featuring both shower and bath, complemented by a separate toilet. Back lane access and a garden shed add convenience, while the generous allotment provides scope for future improvements or development (STCA). With some TLC and thoughtful renovations, this property could be transformed into a comfortable home or a valuable addition to a portfolio.*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.
The size of Colac is approximately 37.5 square kilometres. It has 20 parks covering nearly 2.3% of 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 20-29 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 5,797 properties. Over the last 5 years, Houses in Colac have seen a 32.43% increase in median value, while Units have seen a 11.62% increase. As at 31 March 2026:
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