2/399 Murray Street, Colac VIC 3250
2/399 Murray Street, Colac VIC 3250
New-build 3‑bed unit | 2‑car garage | school‑catchment edge | low‑maintenance family draw | 5.4% yield signal.
This property is competitively positioned as a modern, low‑maintenance unit in a residential pocket of Colac that serves both family owner‑occupiers and investors. Built in 2023, its 122 m² internal layout with three bedrooms, two bathrooms, and a double garage is a configuration that is relatively rare for a unit in this price tier and offers genuine appeal to downsizers or young families seeking newer stock without the upkeep of an older detached house. The inclusion of air conditioning, gas heating, a dishwasher, and a water tank, together with a fully fenced courtyard and secure parking, lifts the liveability above typical entry‑level units. Its location within the catchment of Colac South West Primary School and Colac Secondary College adds a practical advantage for buyers prioritising schooling convenience, while the absence of bushfire, flood, or heritage overlays simplifies planning and reduces long‑term holding risk.
The gross rental yield implied by the estimated $615 per week rent is approximately 5.4%, which may signal stronger investor demand than many comparable newer units in regional Victoria. That yield, combined with the 2023 build date, could support a price premium if the property is marketed to both owner‑occupiers and investors. However, the absence of aspect or view detail in the listing data may limit appeal for buyers who place a high value on outdoor orientation, and the compact 223 m² lot means yard space is modest. Buyers should weigh whether the modern finishes and low‑maintenance design justify any price premium over older stock, and consider that the rental estimate may be aspirational if local vacancy cycles shift.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/399 Murray Street, Colac VIC 3250
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Colac presents as a stable regional market with solid fundamentals, where house demand significantly outpaces the unit segment. The market is primarily driven by families and couples, reflecting its established community character. Recent house price growth has been steady, supported by strong sales volumes and relatively swift market turnover, while the unit market has experienced price softening. Future growth will hinge on the suburb’s appeal to those seeking affordability and lifestyle, though investor attention may be tempered by divergent performance between asset classes.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
223m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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