Suburb Profile Report for Rainbow VIC (3424)

Rainbow House: Median price $61,000, Annual capital growth 1.20%, Number of sales 12, 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 have tracked lower than the VIC average of 7.68% over the last 12 months.

Taking the average capital gain, or increase in median house value, Rainbow,3424 has racked up an average of -4.69% over the period. This ranks it number 3767th in the whole country for real estate investors looking at median house price increases.

HOUSE UNIT
$61,000 N/A
1.67% N/A
-4.69% N/A
1.20% N/A
N/A N/A
12 N/A
N/A N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
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