8/58 Hesse Street

Colac VIC 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 5,499 properties. Over the last 5 years, Houses in Colac have seen a 49.71% increase in median value, while Units have seen a 29.11% increase. As at 31 July 2024:

• The median value for Houses in Colac is $459,852 while the median value for Units is $361,583.
• Houses have a median rent of $430 while Units have a median rent of $360.