Clearwater, Colac

Clearwater Estate emerges as the solution to the acknowledged shortage of housing for essential workers in Colac, as highlighted by the Colac Otway Shire Council in 2021 and 2022. Addressing diverse needs, the estate accommodates over 60% of households being couples, a statistic sourced from the 2021 Census.   

Perfectly nestled in the heart of Colac, a town steeped in farming history, this estate offers an impeccable work-life balance merely two hours from Melbourne. Enveloped by the land of the Eastern Maar people and bordered by the shores of Colac Lake, Clearwater Estate provides an array of lifestyle options, including both lakefront and parkside living.

$350 million Cape Otway Road Australia Training Centre to be completed in 2026, attracting more tourism to the area.




Investor Pack

Investor Pack – Clearwater, Colac


Amenities Map

  • 1 min walk to Colac Lake
  • 3 min drive to Lake Colac School
  • 3 min drive to Colac Yatch Club
  • 3 min drive to Colac Bowling Club
  • 4 min drive to Colac Botanic Gardens
  • 5 min drive to Colac Area Health
  • 5 min drive to Colac South West Primary School
  • 5 min drive to Colac Town Centre
  • 6 min to Colac Train Station
  • 7 min drive to Coles – ALDI – IGA

Community & Lifestyle

Investment Statistics


Median Price

(4-bedroom houses)


Vacancy Rate


Avg Rent per Week


Population forecast by 2050


Owner Occupier


Unemployment Rate


Cape Otway Road Australia Training Centre

Master Plan


Site Photos


Enquire Now

Explore the potential of this project and elevate your portfolio. Enquire now for exclusive details.


The prices, images and specifications listed in this document are intended to provide indicative information. Please be aware that these details are subject to change without prior notice. McMullan & Bird strives to maintain accurate and up-to-date information, but market conditions, material costs, and other factors may necessitate adjustments. We recommend consulting with your Business Development Manager for the most current and precise images, pricing and specification details. Your understanding and flexibility in this matter are greatly appreciated.