rental properties
Colac rental demand, prices remain steady
Colac real estate agents say demand for rentals is remaining steady, while four-bedroom, two-bathroom homes are “sought after” by tenants.
Low vacancy rates continue for Colac rentals
Colac’s rental market remains tight, with a vacancy rate of just 1.4 per cent in July, as vacancy rates drop significantly across the country.
Top rank for Colac property investments
Colac is one of the best places in Victoria for real estate investments, a leading research firm says, as a Colac agent says the city desperately needs investors to help solve a rental shortage.
Affordable rental plan for council-owned estate
Developers interested in council-owned land in Colac’s Bruce Street would have to guarantee 15 per cent of the site for affordable rentals under a council proposal.
PUT IN A GRANNY FLAT: Council encourages landowners to build in back yards
More granny flats and bungalows could help with Colac’s housing crunch, and Colac Otway Shire Council will write to owners of vacant properties in a bid to speed up supply.
Coastal home vacancies lead to renter relief
Long-term rental housing at Apollo Bay is on the rise, with the loss of international tourism due to COVID-19 causing Airbnb properties to convert into long-term housing options.