This wonderfully located 318sqm block of land presents a fantastic opportunity for prospective homeowners or investors. Planning permits and detailed plans for a three-bedroom home are available, streamlining the path to building your ideal residence. Essential services are connected, facilitating a smooth construction process. Whether you're looking to establish a family home or make a smart investment, this property offers a unique chance to create a comfortable and stylish living space in a desirable location. Don't miss out on this rare opportunity to bring your vision to life with all the preliminary work completed for you.*Under the proposed 2026 tax changes, investors building new properties are effectively advantaged compared to those buying existing homes. Negative gearing will be restricted to new builds, allowing investors to continue offsetting losses against income*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. 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 5,998 properties. Over the last 5 years, Houses in Colac have seen a 23.52% increase in median value, while Units have seen a 15.68% increase. As at 30 September 2026:
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