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Terraced House
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for sale
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LAST DUAL KEY IN LAKESIDE ESTATE, COLAC VICTORIA HUGE RENTAL!
Irrewillipe
· 6 Bedrooms · 3 Baths · Terraced House
Irrewillipe · 6 Bedrooms · 3 Baths · Terraced House
This lot is a beautie! It backs onto the Lake and the Lake Reserve - what a lovely outlook! Plus the potential of the growth in this very vibrant, price increasing market. 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
This lot is a beautie! It backs onto the Lake and the Lake Reserve - what a lovely outlook! Plus the potential of the growth in this very vibrant, price increasing market. 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
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