Suburb Profile Report for Rainbow VIC (3424)

Rainbow House: Median price $68,000, Annual capital growth 1.47%, Number of sales 13, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Rainbow, 3424 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 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 2669th in the whole country for real estate investors looking at median house price increases.

Rainbow3424 is located in VIC which offers an average discount of -6.00% to property investors. Rainbow itself is showing figures that indicate -12.60% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

Metrics i HOUSE UNIT
$68,000 N/A
-3.55% N/A
6.25% N/A
1.47% N/A
N/A N/A
13 N/A
N/A N/A
106.4 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Rainbow VIC
Demographics
Total population 735
Median household income ($/weekly) 718
Median age of persons 49
Median housing loan repayment ($/monthly) 509
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 82 11.2
    35-44 years 74 10.1
    45-54 years 107 14.6
    55-64 years 112 15.2
    65-74 years 100 13.6
    Others 260 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 298 57.5
    Not Married 185 35.7
    Defacto Relationship 35 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 662 93.8
    Croatia 6 0.8
    Philippines 9 1.3
    South Eastern Europe 4 0.6
    United Kingdom 15 2.1
    Others 10 1.4
    Country of Birth
    Census Count Percent(%)
    Christianity 565 82.8
    No Religion 107 15.7
    Buddhism 6 0.9
    Other Religious Groups 4 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 41 15.5
    $400-$599 52 19.6
    $600-$799 46 17.4
    $800-$999 23 8.7
    $1,500-$1,999 31 11.7
    Others 72 27.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 277 48.2
    Employed, worked full-time 169 29.4
    Employed, worked part-time 93 16.2
    Employed, away from work 28 4.9
    Unemployed, looking for work 8 1.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 96 32.7
    Professionals 41 13.9
    Technicians & trades workers 24 8.2
    Clerical & administrative workers 31 10.5
    Labourers 33 11.2
    Others 69 23.5
    Occupation
    Census Count Percent(%)
    Pre-school 10 8.1
    Infants/Primary 56 45.5
    Secondary 45 36.6
    Technical or Further Educational Institution 3 2.4
    University or other Tertiary Institutions 6 4.9
    Others 3 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 638 96.8
    Semi-detached, row or terrace house, townhouse 10 1.5
    Caravan, cabin, houseboat 6 0.9
    Flat, unit or apartment 5 0.8
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 173 60.3
    Being purchased 63 22.0
    Rented 47 16.4
    Other tenure type 4 1.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals