If you’re searching for a property market that balances affordability, stability, and genuine long-term potential, Colac should be firmly on your radar. This regional hub positioned between Geelong, the Great Ocean Road, and the Western District s one of Victoria’s most economically diverse and quietly resilient cities. While many regional centres rely heavily on one dominant industry, Colac spreads its strength across manufacturing, agriculture, health care, tourism, and education. That diversity alone creates a foundation for steady employment, population growth, and a solid housing market three ingredients every smart investor looks for. With a median house price around $470,000 , a 0.5% vacancy rate , and a 49% increase in values over the last five years , Colac offers an impressive combination of affordability and upward momentum. Let’s break down why this unassuming regional city is becoming such a compelling place to invest or buy your first home.
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