506 Murray StreetColac VIC 3250
Property Details for 506 Murray St, Colac
506 Murray St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 587m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last transferred in February 2025.
Last Listing description (November 2019)
This neat brick veneer home represents good value for first time buyers and investors alike. Situated on a nice size block, set back from the road and just west of Colac, its ideally located for Camperdown / Cobden commuters. The home features three bedrooms, all with built-in-robes, functional kitchen with electric oven/stovetop which adjoins the dedicated dining / living room with floor to ceiling windows that let in plenty of natural light. The single bathroom has free standing shower, bath and vanity with ample storage space. Outside there is carport, large 9x5m Colourbond shed/workshop which would be ideal for the tradie or someone needing additional outdoor storage. This property has the potential to generate rental income of between $290-$320pw making it a solid investment option for those with self-managed super.
Property History for 506 Murray St, Colac, VIC 3250
- 22 Feb 2025Transferred
- 24 Oct 2019Sold for $297,000
- 27 Aug 2019Listed for Sale $297,000
Recent sales nearby
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0About Colac 3250
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 5,772 properties. Over the last 5 years, Houses in Colac have seen a 39.33% increase in median value, while Units have seen a 20.08% increase. As at 30 November 2025:
- The median value for Houses in Colac is $495,973 while the median value for Units is $354,662.
- Houses have a median rent of $470 while Units have a median rent of $390.
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