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Coleraine

POSTAL CODE: VIC, 3315
HOUSE

Property investments in COLERAINE did not fare well against the rest of the country last year, registering a median home price decrease of 8.3%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains COLERAINE, 3315 saw average growth in the long term.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of N/A.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $287,000.

COLERAINE ranks 749th on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

Surburb overview

Coleraine is a historic township in Victoria’s Western District within the Southern Grampians Shire, located approximately 34 kilometres west of Hamilton, 110 kilometres north-east of Portland and around 330 kilometres west of Melbourne’s CBD. Situated on the banks of the Wannon River, Coleraine serves as an important service centre for the surrounding agricultural district and is one of the oldest settled areas in western Victoria. The township’s streetscape reflects its nineteenth-century origins, with several heritage buildings contributing to its regional character.

According to the 2021 Census, Coleraine had a population of 991. The town has a balanced demographic profile comprising families, retirees and residents employed across agriculture, education, healthcare and local services. Housing is predominantly detached dwellings, with a mix of established family homes and rural residential properties. The community maintains strong links to the surrounding farming district, which continues to influence local economic and social activity.

Agriculture remains a major contributor to the local economy, particularly sheep grazing, wool production, beef cattle farming and mixed agricultural enterprises. Coleraine also supports a range of retail businesses, professional services and community facilities that serve residents from nearby rural localities. Hamilton provides access to additional healthcare, education and commercial services, while Portland offers connections to coastal industries and port-related activity.

Road transport is the primary means of travel, with the Glenelg Highway providing direct links to Hamilton, Portland and neighbouring communities. Public transport options are limited within the township, although regional coach services connect the area with larger centres. Most residents rely on private vehicles for commuting, shopping and accessing services.

The Wannon River plays a significant role in local recreation, offering opportunities for fishing, kayaking and riverside leisure activities. Community facilities include sporting grounds, parks, schools and recreational reserves that support a variety of local clubs and events. Coleraine is also known for the annual Coleraine Show and other community gatherings that celebrate the district’s agricultural heritage. Nearby attractions include the Grampians region, local conservation reserves, and scenic rural landscapes that offer opportunities for bushwalking, wildlife observation, and outdoor recreation.

 

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