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AREA REPORTS

Rainbow

Rainbow - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3424

house

RAINBOW, 3424 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 $80,000.

RAINBOW now ranks at the 19th place on a list of fastest growing suburbs in the territory.

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

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In RAINBOW, homes and units usually stay on listing for an average of 76.1 days.

In 2016, 13 properties were sold in RAINBOW during the past year, making it the 647th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $80,000 N/A
GROWTH REPORT
Median Quarterly 16.79% N/A
Median 12 month -6.98% N/A
Median 3 years N/A N/A
Median 5 years 25% N/A
10 years average annual -10.2% N/A
Weekly media advert. rent N/A N/A
Time on Market 76.1 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
650
Weekly Household Income
571.4
Household Size
2.20
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