60-70 Wallace StreetColac VIC 3250
Property Details for 60-70 Wallace St, Colac
Last Listing description (June 2025)
A wonderful 8145m residential allotment ripe for subdivision located in an excellent established neighborhood
General Residential Zone schedule 1 (GRZ)
Estimated yield of 13 saleable lots (stca), with almost flat topography. The plan shown is indicative of potential layout. No permit applications have been submitted.
39.7metres frontage to Wallace Street, land area 8145m approx.
This is a hen's teeth opportunity to pick up an outstanding small development site in central Colac within walking distance of shopping and schools.
Further information including a due diligence report and architects site feasibility study can be provided by agents.
For Sale By Expression of Interest; closing Friday 19th April at 2pm.
Property History for 60-70 Wallace St, Colac, VIC 3250
- 01 Jul 2026Sold for $2,200,000
- 01 May 2024Sold for $900,000
- 03 Apr 2024Listed for Sale For Sale By Expression of Interest
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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 5,898 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.
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