40 Wallace StreetColac VIC 3250
Property Details for 40 Wallace St, Colac
Last Listing description (June 2026)
This generous 917sqm block of land offers a fantastic opportunity to secure a well-positioned parcel in the heart of Colac. Boasting a desirable location, it is just a short stroll to Bunnings, the Coles complex, and other essential amenities. With services available and both a planning permit and development plans already in place, this property provides a head start for those looking to build their dream home or invest in a prime development site. An excellent chance to capitalise on a central location with convenience at your doorstep.*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.
Property History for 40 Wallace St, Colac, VIC 3250
- 09 Apr 2026Sold for $285,000
- 28 Feb 2026Listed for Sale $300,000 - $320,000
- 22 Jul 2025Listed for Sale $300,000 - $320,000
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0About 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 5,783 properties. Over the last 5 years, Houses in Colac have seen a 27.57% increase in median value, while Units have seen a 9.35% increase. As at 31 May 2026:
- The median value for Houses in Colac is $498,862 while the median value for Units is $358,349.
- Houses have a median rent of $500 while Units have a median rent of $405.
Suburb Insights for Colac 3250
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