Suburb Location
Market Indexes of Rainbow
- $118,000 Median Asking Price
- $180 Median Rent
- 0.08% Rent Yield
- 13 Stock On Sale
- 0.49% Vacancy Rate
- 9 Average Supply
- 344 Average Demand
- 38.26 Supply Demand Ratio
Demographics of Rainbow
Dwelling Structure
| Separate house | 288 |
|---|---|
| Unit/apartment | 4 |
| Other | 5 |
Occupied/unoccupied
| Occupied | 297 |
|---|---|
| Unoccupied | 109 |
Persons
| Males | 367 |
|---|---|
| Females | 367 |
Tenure and Landlord Type
| Owned outright | 173 |
|---|---|
| Owned with a mortgage | 63 |
| Rented | 47 |
| Other | 14 |
Medians and Averages
| Median total household income | 718 $/week |
|---|---|
| Median mortgage repayment | 509 $/month |
| Median rent | 70 $/week |
| Average household size | 2.2 |
| Persons | 734 |
| Total private dwellings | 406 |
Supply Demand History in Rainbow
| Month | Supply | Demand |
|---|---|---|
| 2015 Apr | 11 | 427 |
| 2015 May | 12 | 405 |
| 2015 Jun | 11 | 462 |
| 2015 Jul | 9 | 348 |
| 2015 Aug | 9 | 446 |
| 2015 Sep | 9 | 412 |
| 2015 Oct | 8 | 313 |
| 2015 Nov | 8 | 261 |
| 2015 Dec | 8 | 191 |
| 2016 Jan | 9 | 372 |
| 2016 Feb | 9 | 276 |
| 2016 Mar | 9 | 302 |
| 2016 Apr | 9 | 430 |
More Properties Sold in Rainbow
| Address | Sold Date | Price | |
|---|---|---|---|
| 2-4 DARTS AVENUE, Rainbow VIC | 5 2 4 | 15 Apr 2024 | $0 |
| 10 Lake Street, Rainbow VIC | 2 1 1 | Mar 2024 | $0 |
| Address available on request, Rainbow VIC | - - - | 22 Feb 2024 | $0 |
| 23 Cust Street, Rainbow VIC | 4 2 2 | 8 Feb 2024 | $235,000 |
| 3-5 EDWARD STREET, Rainbow VIC | - - - | 28 Nov 2023 | $55,000 |
More Properties Rent in Rainbow
| Address | Rent Date | Price | |
|---|---|---|---|
| 57 Taverner Street, Rainbow VIC | 3 1 1 | 16 Nov 2023 | $250 |
| 3/46 KING STREET, Rainbow VIC | 1 1 1 | 19 Jun 2023 | $155 |
| 1/2 Sanders Street, Rainbow VIC | - 1 1 | 19 May 2023 | $110 |
| 2/2 Sanders Street, Rainbow VIC | 1 1 - | 1 Apr 2023 | $100 |
| 1/18 Albert Street, Rainbow VIC | 1 1 1 | 10 Mar 2023 | $130 |
Rent Yield in Rainbow
| Beds | Average Price | Average Rent | Average Rent Yield% | Median Price | Median Rent | Median Rent Yield% | Listings |
|---|---|---|---|---|---|---|---|
| ALL | |||||||
| 3 | $283,250 | $250 | 4.59% | $299,500 | $250 | 4.34% | 5 |
| 4 | $145,000 | - | - | $145,000 | - | - | 1 |
| 5 | $420,000 | - | - | $420,000 | - | - | 1 |
| House | |||||||
| 3 | $204,500 | - | - | $204,500 | - | - | 2 |
| 5 | $420,000 | - | - | $420,000 | - | - | 1 |
| Unknown | |||||||
| 3 | $362,000 | $250 | 3.59% | $362,000 | $250 | 3.59% | 3 |
| 4 | $145,000 | - | - | $145,000 | - | - | 1 |
Schools in Rainbow
| School Name | School Sector | School Type |
|---|---|---|
| Rainbow Primary School | Non-government | Primary |
| Rainbow Secondary College | Non-government | Secondary |
Based on Australian Bureau of Statistics data
