Current release
Colac house and land
Prices and rent estimates are indicative and confirmed in writing before you sign. Availability is confirmed at Expression of Interest.
Why look at Colac
Clearwater Estate sits on the edge of Colac, about 75 minutes from Geelong on the Princes Highway and 45 minutes from the Great Ocean Road at Apollo Bay. Colac has its own hospital, secondary schools, supermarkets and a V/Line station, and serves a large farming and dairy region.
- Colac township shops, schools and hospital within a few minutes
- V/Line trains to Geelong and Melbourne from Colac station
- Lake Colac and the Otways on the doorstep
- Established regional town, not a new growth corridor
If you want the numbers first, the first home buyer view and the investor view open with this package filled in.
The Colac numbers at a glance
- Land, 400 m2 lot: $262,000
- House, 210 m2 fixed-price turnkey build: $365,000
- Total package: $627,000
- Estimated rent: $520 a week, 4.3% gross yield
- Council: Colac Otway Shire
The total is under $750,000 and the land is under $600,000, so eligible first home buyers may qualify for the $10,000 First Home Owner Grant and pay no stamp duty on the land. Check your eligibility with the State Revenue Office or your broker.
What turnkey means here
One fixed price for a home that is finished inside and out. In our packages that includes flooring throughout, blinds, reverse cycle heating and cooling, front and rear landscaping, fencing, a coloured concrete driveway and paths, a 7-star energy rating and 3 kW solar. See the full inclusions list. New to the idea? Read what turnkey means.
Questions
Common questions
How much is a house and land package in Colac?
Our current Colac package, Haven 23 in Clearwater Estate, is $627,000 in total: land $262,000 and a fixed-price turnkey house $365,000. Every figure is confirmed in writing before you sign.
What does turnkey mean for a Colac home?
The home is finished inside and out. Flooring, blinds, heating and cooling, landscaping, fencing, the driveway and 3 kW solar are in the price, so there is nothing further to arrange. The full inclusions list is on the package page.
When will the land title in Colac?
Title expected 2027. The land and the house are two separate contracts, and your conveyancer should confirm the timing in the land contract.
Is Colac a good place for an investment property?
Colac is an established regional town, not a new growth corridor. We estimate rent at $520 a week, a gross yield of 4.3%, based on Colac houses renting at a median of about $500 a week over the last 12 months. Rent is an estimate, not a guarantee, so get a written rental appraisal before you decide.
How far is Colac from Geelong and the Great Ocean Road?
About 75 minutes from Geelong on the Princes Highway and about 45 minutes from the Great Ocean Road at Apollo Bay.
Can I build a turnkey home on my own land in Colac?
Yes. We can build a complete turnkey home on your lot anywhere in Victoria, with the same fixed-price approach. Tell us where it is and its size.
Talk to us
Ask about Colac
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