Property investors who have had real estate in Rainbow, 3424 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.25%
Taking the average capital gain, or increase in median house value, Rainbow,3424 has racked up an average of 6.25% over the period. This ranks it number 3026th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Rainbow itself are offering an average vendor discount of -12.60% to real estate investors.
At number 2813 in a list of fastest selling suburbs, Rainbow is in the bottom 30% of suburbs in Australia with an average of days on market 106.4 for properties listed there.