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Rainbow Flat
AREA REPORTS

Rainbow Flat

Rainbow Flat - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2430

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $739,000.

The upward trend in home prices in RAINBOW FLAT, 2430 averaged 3.43% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in RAINBOW FLAT.

An average of 1.58 real estate transactions take place per month in RAINBOW FLAT which translates to 19 per annum.

19 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 1249th in Australia based on median property value growth during the quarter.

Data report can be found below

Rainbow Flat
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $739,000 N/A
GROWTH REPORT
Median Quarterly 0.61% N/A
Median 12 month 7.88% N/A
Median 3 years 10.3% N/A
Median 5 years 34.36% N/A
10 years average annual 6.51% N/A
Weekly media advert. rent N/A N/A
Time on Market 76.4 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
34018
Weekly Household Income
913
Household Size
2.30
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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