OFF MARKET

5/7 Forbes Street
Colac VIC 3250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 160m2
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Property Details for 5/7 Forbes St, Colac

5/7 Forbes St, Colac is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 160m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in April 2015.

Building Type
Unit
Year Built
1975
Floor Size
73m2
Land Size
160m2
Local Government
Colac Otway
Lot/Plan
5/RP15358

Last Listing description (November 2019)

Located minutes from the Colac Hospital, doctors and CBD is this fantastic unit.
Boasting 2 large bedrooms with BIR. Combined dining and living room. Compact but well equipped kitchen.
Freshly painted bathroom with separate toilet.

Gas heating and spilt system. Outside you will be impressed with private courtyard and garden shed.

Available mid November

Property History for 5/7 Forbes St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$187,000
22 Apr 2015
Listed for Rent
$221/w
28 Nov 2019
  • 10 Oct 2019
    Listed for Rent $960 / month
  • 17 Jan 2019
    Listed for Rent - Price not available
  • 21 Aug 2018
    Listed for Rent - Price not available
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About 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 2011 was 8,696 people. By 2016 the population was 9,066 showing a population growth of 4.3% 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 2011, 67.4% of the homes in Colac were owner-occupied compared with 66.6% in 2016.

Colac has 5,500 properties. Over the last 5 years, Houses in Colac have seen a 45.19% increase in median value, while Units have seen a 25.38% increase. As at 31 August 2024:

  • The median value for Houses in Colac is $440,188 while the median value for Units is $350,584.
  • Houses have a median rent of $430 while Units have a median rent of $365.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.