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For Salehouse

Lot 227 The Lookout Estate

Colac, VIC 3250, Australia
$599,720
4 bed 2 bath 2 car183m²

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Area Price Guide
$563,737$635,703

Indicative price guide range

🏘️
74
Comparable
📊
$596,235
Area median
⚖️
+1%
vs median
📐
$3,277
Per m²
📏
183 m²
Land
🗓️
3 weeks ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

6 nearby schools

Catchment: Colac Primary School

Zoning

GRZ — General Residential Zone

Colac Otway Shire Planning Scheme

Public transport

Data unavailable

Traffic

Low congestion

Minor peak hour impacts occur on weekday mornings (7-9am) and afternoons (4-6pm) when traffic flows toward/from central Colac CBD and regional routes. The Lookout Estate location experiences reduced impact compared to CBD-proximate areas.

Flood risk

Medium

Colac is located in the Corangamite River catchment in southwestern Victoria and has experienced significant historical flooding, most notably in 1952 and more recently in 2011. The township and surrounding properties are subject to the Land Subject to Inundation Overlay (LSIO) under the Colac Otway planning scheme, reflecting documented flood risk from both riverine and local drainage flooding.

Bushfire risk

Moderate

BAL: BAL-19

Crime profile

below average

Trend: stable

Nearby development

5 projects nearby

Colac is experiencing modest, council-supported revitalisation activity focused on town centre activation, healthcare infrastructure and peripheral residential growth. Development intensity remains moderate, typical of a regional centre, with emphasis on supporting existing amenities and incremental population growth rather than major commercial expansion. Key projects align with state regional development priorities and local economic diversification.

Heritage

Heritage listed

Colac is a historic regional centre in Victoria's south-west with a notable heritage precinct centred on its 19th-century civic and commercial district. The town contains multiple local heritage listings with a conservation area covering the historic town centre and surrounding residential areas of character. Development within heritage overlays is subject to planning approval and conservation requirements.

Sources: Australian Gov open data + StMate AI
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Property Photos

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $2,907/month
    $1,454 /fortnight
    Loan $479,776 at 6.10% over 30 years

    Upfront costs

    Deposit$119,944
    Stamp duty$31,053
    Conveyancing (est.)$2,000
    Total upfront$152,997
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    4
    Bathrooms
    2
    Parking
    2
    Land Area
    183m²
    Listed
    3 weeks ago

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