Suburb Profile Report for Rainbow Flat NSW (2430)

Rainbow Flat House: Median price $550,000, Annual capital growth 6.77%, Number of sales 21, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property value increases in Rainbow Flat have tracked just higher than the NSW average of 7.93% over the last 12 months.

The five-year average increase in median property values for Rainbow Flat,2430 has given property investors a potential capital gain of 35.80% across each of those five years.

Rainbow Flat, 2430 is offering NSW ‘s 469th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.

In the last year 21 properties changed hands in Rainbow Flat, which puts it as the 1114th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Rainbow Flat, 2430 is in the Greater Taree local government area.

HOUSE UNIT
$550,000 N/A
1.38% N/A
12.24% N/A
6.77% N/A
N/A N/A
21 N/A
N/A N/A
109.38 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 667
Median household income ($/weekly) 928
Median age of persons 51
Median housing loan repayment ($/monthly) 1623
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 91 13.7
    35-44 years 81 12.2
    45-54 years 95 14.3
    55-64 years 128 19.2
    65-74 years 103 15.5
    Others 168 25.2
    Age Group
    Census Count Percent(%)
    Registered Married 319 63.4
    Not Married 146 29.0
    Defacto Relationship 38 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 556 86.2
    New Zealand 6 0.9
    Papua New Guinea 6 0.9
    United Kingdom 41 6.4
    Other 11 1.7
    Others 25 3.9
    Country of Birth
    Census Count Percent(%)
    Christianity 467 76.6
    No Religion 140 23.0
    Buddhism 3 0.5
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 27 12.9
    $600-$799 27 12.9
    $800-$999 26 12.4
    $1,000-$1,249 21 10.0
    $2,000-$2,499 19 9.1
    Others 89 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 245 46.6
    Employed, worked full-time 147 27.9
    Employed, worked part-time 99 18.8
    Unemployed, looking for work 19 3.6
    Employed, away from work 16 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 32 12.2
    Professionals 55 20.9
    Technicians & trades workers 52 19.8
    Clerical & administrative workers 34 12.9
    Labourers 29 11.0
    Others 61 23.2
    Occupation
    Census Count Percent(%)
    Pre-school 10 7.0
    Infants/Primary 46 32.2
    Secondary 58 40.6
    Technical or Further Educational Institution 16 11.2
    Other type of educational institution 7 4.9
    Others 6 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 625 98.7
    Semi-detached, row or terrace house, townhouse 4 0.6
    Improvised home, tent, sleepers out 4 0.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 115 50.2
    Being purchased 84 36.7
    Rented 27 11.8
    Other tenure type 3 1.3
    Tenure Type
Census 2011, ABS
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