Rainbow Flat

POSTAL CODE: NSW, 2430

HOUSE

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,130,000.

The downward trend in home prices in RAINBOW FLAT, 2430 averaged -4.36% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in RAINBOW FLAT.

An average of 1.5 real estate transactions take place per month in RAINBOW FLAT which translates to 18 per annum.

18 properties were sold in RAINBOW FLAT in 2016, making it the 996th most active market in NSW based on total real estate transactions.

RAINBOW FLAT, 2430 places 718th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,130,000	N/A
Growth Report
Median Quarterly	1.57%	N/A
Median 12 month	0%	N/A
Median 3 years	-13.08%	N/A
Median 5 years	68.66%	N/A
10 years average annual	17.8%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	97.4 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 34018

Weekly Household Income 913

Household Size 2.30

Average Age 48

Monthly Loan Repayment 1309

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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