23 Quamby Avenue, Colac VIC 3250
23 Quamby Avenue, Colac VIC 3250
3 bed 2 bath edge over local stock | Reserve and lake adjacency | Established family pocket | Family buyer pull | Second bathroom advantage
This house holds a clear configuration edge in its pocket, where the prevailing detached stock tends to be three bedrooms and a single bathroom. The extra bathroom shifts it from standard family housing into a more practical, move-in-ready proposition, particularly for buyers with children or those expecting regular guests. Being positioned beside Barongarook Creek Reserve and within moments of Lake Colac gives it a lifestyle dimension that many comparable listings in the area cannot match—daily access to open space and water without leaving the neighbourhood. That combination of functional layout and environmental setting makes it a strong fit for owner-occupiers seeking an established home with room to grow, rather than investors chasing yield or first-timers on a strict budget.
The property’s value may be shaped most by how its interior condition compares to expectation, as the listing does not confirm whether finishes are original or updated. Land size and building age might also influence how it sits against other sales in the street, with older construction typically requiring more maintenance consideration. The reserve-adjacent position could support a modest premium over more interior lots, but that depends on how the house itself presents upon inspection. Buyers should weigh the likelihood of near-term renovation costs against the benefit of securing a rare second-bathroom layout in this location.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Quamby Avenue, Colac VIC 3250
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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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: 10 Quamby Avenue sold with a $515,000–$525,000 guide; 20 Quamby Avenue listed at $500,000–$535,000 | Property Price Band: $500,000–$600,000 | Value Drivers: second bathroom, reserve proximity, condition and presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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