The influx in housing developments across Colac is set to increase supply for the property market, but experts are calling for interest rate drops for buyers.
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Agents waiting on rate drop
The influx in housing developments across Colac is set to increase supply for the property market, but experts are calling for interest rate drops for buyers.
Colac property expert Troy Kincaid says the price of land in Colac has settled from sky-high prices in late 2022, but building costs are still holding back buyers. Agents are hoping for an interest rate drop in August, which could help support housing development in Colac and surrounds.
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