4/412 Murray Street, Colac VIC 3250
4/412 Murray Street, Colac VIC 3250
Compact 2-bed unit on 176m² | Central Murray Street location | Walkable to shops and schools | Strong downsizer and investor appeal | Priced above typical unit stock
This unit offers a genuinely low-maintenance footprint on a manageable 176m² block, placing it in direct competition for buyers seeking simplicity without sacrificing a central address. Its position along Murray Street means everyday errands, coffee, and the Botanical Gardens are within walking distance, which is a meaningful advantage for downsizers wanting to stay connected to Colac’s core. The configuration suits a first-home buyer or investor looking for steady rental demand, though the same-address comparable suggests the group is older brick construction with practical, rather than premium, finishes. For the right buyer, this is a solid entry point into a convenient, established pocket of town where long-term owner-occupiers dominate and turnover is moderate.
The pricing guidance sits above what recent small-unit sales in the area have achieved, so the final value may hinge on how the interior presents and whether any updates have been made. The main-road exposure could be a consideration for some buyers, but it also underpins the walkability that makes the location attractive. Market conditions appear steady rather than buoyant, with units taking around 50 days to sell, so there may be room to negotiate if the property doesn’t attract immediate competition. A buyer should weigh the convenience factor against the lack of confirmed premium features, and consider how the unit compares to newer or refreshed stock elsewhere in Colac.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/412 Murray Street, Colac VIC 3250
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Colac VIC 3250 sits as an affordable regional centre where house prices have climbed to $486,000, posting annual growth of 5.42% and a tight 32-day selling period. Demand is driven primarily by owner-occupiers—childless couples, families, and single parents—attracted to the combination of sub-$500,000 entry pricing and gross house yields of 5.06%, well above metropolitan averages. Units present a contrasting story: the $390,000 median has contracted by 4.88% annually, indicating softer appetite despite comparable yields and $390 weekly rents. Sales volume, ranging from 127 to 184 in the past year, confirms an active but shallow market. The key constraint is the unit segment, where negative capital growth may reflect oversupply or weaker buyer preference. Overall, houses show resilient demand, while the divergent unit performance warrants caution for investors seeking balanced growth.
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PropCred Estimated Value
Comparable Sales: 3/412 Murray Street sold at $370k; 140–142 Murray Street sold at $484k | Property Price Band: $350k–$450k | Value Drivers: Condition and interior updates, central walkable location, low-maintenance unit layout
Bedrooms
2
Bathroom
1
Parking
1
Land
176m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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