83 properties for sale in Eurack

What's driving Colac is a combination of steady demand and very limited supply. From a fundamentals perspective, the rental market is the strongest indicator. Vacancy rates are currently sitting around 0.5%-0.9% (SQM Research / local agent data), which is extremely tight. Anything below 2% is considered a landlord's market, so this reflects a genuine undersupply of housing rather than short-term demand. This aligns with what we're seeing on the ground. Colac has a well-established local economy, particularly in food production, agriculture, and timber, with major employers such as Bulla Dairy Foods, Australian Lamb Company, and AKD Softwoods (ABS Census 2021 / Colac Otway economic profile). As the area is not reliant on a single industry, employment tends to be more stable, which supports consistent rental demand. In terms of demographics, there is a strong proportion of working-age residents, particularly in the 20-29 age bracket-typically the group most likely to rent, further reinfo

Just one block north of Murray Street and offering the convenience of street parking, this well-located freehold property presents a prime opportunity for both commercial enterprises and residential conversion. Currently configured with a welcoming reception area, three private office rooms, and a dedicated side entrance, the layout is ideally suited for a range of professional or business uses. With council approval, the property also holds exciting potential to be transformed into a modern inner-city residence or short-term accommodation such as an Airbnb. It is currently tenanted under a 2x2x2 commercial lease with a weekly rental income of $375 per week inclusive of GST. A covered porch leads to a central entryway, unveiling a flexible floorplan that can be easily customized with built-in joinery to suit specific needs. Freshly painted throughout, the interior also features quality carpets, new blinds, and recently replaced front windows, enhancing the overall presentation. Additio

INVESTMENT MOTEL - Owners want sold with price slashed to $3.2m. Outstanding and rare opportunity. - Well below replacement value with secure tenant. - 5 year lease commenced 16 March 2025 with 4 x 5 year options (25 years remain). - Set on an expansive 4,071m2 parcel of Commercial 1 Zoned land, this high-performing investment boasts multiple established revenue streams, underpinned by a strong local economy and consistent tourism trade. - This fully refurbished asset includes: - Public bar, bistro, and beer garden with BBQ facilities, catering to locals and travellers alike. - Drive-thru bottle shop - a key convenience offering with excellent turnover potential. - 14 upgraded hotel rooms, tastefully renovated to modern standards. - 20 twin motel rooms, each featuring new beds, headboards with USB ports, microwaves, and fresh decor. - Conference/function room, adding another layer of commercial flexibility. - A comfortable 2-bedroom manager's residence, ideal for onsite management or a

This inviting three bedroom, two bathroom brick home on 924sqm offers comfort, functionality, and an easy lifestyle in a convenient location. All three bedrooms are generously sized, with one featuring a built-in robe. Each room in the home is enhanced by large windows that allow natural light to flow through, creating a warm and bright atmosphere. Beautifully restored timber flooring ties the home together, complementing the neutral colour palette that makes it easy to add your own personal style. The open-plan kitchen, dining, and living area forms the heart of the home. The living room is cosy yet spacious, complete with a gas heater and reverse-cycle air conditioner for year-round comfort. The kitchen is generously sized, offering ample storage and an island bench that provides additional cooking space or a casual seating option. An inviting entry and hallway set the tone for the home, offering a welcoming first impression and easy access to each room. The home leads through to a g

Set along one of Colac's most established, tree-lined streets, this three-bedroom brick residence brings scale, substance, and a coveted position moments from Lake Colac. The home stands proudly on a 1,335m² allotment, framed by mature gardens and defined by its wide rooms and large windows that draw in natural light throughout the day. Inside, generous rooms, large windows and a well-resolved floorplan establish a refined sense of space. The formal lounge, full-sized dining room and additional sitting area offer distinct zones for both relaxation and entertaining, while the central kitchen, bathroom and extensive storage support comfortable, well-appointed living from day one. The rear garden reinforces the home's appeal, offering depth, privacy, and room to evolve the property as tastes and ambitions grow. With the added advantage of rear lane access, the block delivers genuine flexibility. Move straight in and enjoy the comfort it provides today, with clear scope to renovate or elev

Set on just under five acres within the Colac township, 38 Wilson Street offers genuine rural living without sacrificing everyday convenience. The land is well planned and fully usable, divided into six fenced paddocks, each with water, making it ideal for lifestyle buyers who want space, structure and flexibility. The main living area is open and light-filled, with large windows drawing in natural light and uninterrupted paddock outlooks. The kitchen is practical and well considered, offering generous bench space and storage, well suited to both daily living and entertaining. The home is supported by two bathrooms, including an ensuite with spa bath, while the sunroom provides a quiet place to sit and take in the surrounding land, from early mornings through to the end of the day. Infrastructure is a standout. Two sheds support both work and leisure, including a substantial 12 x 8m shed for vehicles or equipment, and a second shed currently set up as a games room with a pot-belly stov

Set on a single title and cleverly configured as two separate residences, this versatile property presents an outstanding opportunity for investors or families seeking space, flexibility and strong returns at $800 per week! Each home offers three bedrooms and one bathroom, along with split system heating and cooling for year-round comfort. With independent living arrangements and both residences currently leased to two excellent tenants, the property provides an immediate and reliable income stream-making it a true set-and-forget investment with healthy returns already in place. The dual-residence layout also makes this property ideal for extended family living, dual occupancy, or future lifestyle flexibility, delivering generous accommodation and separation when required. Situated in the peaceful rural township of Cororooke, yet located under 10 minutes' drive to Colac, the property enjoys the perfect balance of country living with convenient access to schools, shopping and essential

Watching the sunrise through to sunset over Lake Colac from your very own master suite is just one of the exceptional offerings at 8 Queen Street, Colac. Renovated to the highest standard, this Federation double storey home possesses elegance, history and a stunning vista. Walk along the waterfront to visit the Botanic Gardens and Lakeview Cafe at one end of the street and to the other, the Yacht Club and Bowling Club, a Lakeside Dream! The north-facing aspect of the generous 1314sqm block, captures beautiful light into the formal living room and studio outside. Set amongst a charming cottage garden featuring stunning roses, enjoying a meal or drink outside can be done from a number of breakout spaces. The characteristics are abundant and the renovation has incorporated all the best of modern comforts within the period home. Well measured and perfectly implemented, the high ceilings, pressed metal detail and fireplaces all display features of yesteryear. With new double glazed windows,