Suburb Profile Report for Rainbow Beach QLD (4581)

Rainbow Beach House: Median price $470,000, Annual capital growth 0.05%, Number of sales 31, Weekly median advertised rent $325

Rainbow Beach Unit: Median price $320,000, Annual capital growth 3.50%, Number of sales 25, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.94% for the last 12 months, Rainbow Beach, 4581 has performed for property investments than its average annual 0.05% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rainbow Beach has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Rainbow Beach are currently offering property investors an average price cut of -7.29% below the asking price at the moment.

At number 2969 in a list of fastest selling suburbs, Rainbow Beach is in the bottom 30% of suburbs in Australia with an average of days on market 105 for properties listed there.

Rainbow Beach is in the TOP 10% in QLD when comparing median price capital growth over the last year. Rainbow Beach gave property investors a very good capital gain figure when compared to the rest of the state, with 46.29%.

When looking at the potential capital gains offered to property investors over the last 3 years, Rainbow Beach comes in at number 359th in QLD.

Rainbow Beach, 4581’s gross rental yield is 4.23%

Metrics i HOUSE UNIT
$470,000 $320,000
N/A 16.36%
9.94% 46.29%
0.05% 3.50%
$325 $260
31 25
3.60% 4.23%
105 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1103
Median household income ($/weekly) 737
Median age of persons 48
Median housing loan repayment ($/monthly) 1608
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 122 11.1
    35-44 years 134 12.1
    45-54 years 166 15.0
    55-64 years 230 20.9
    65-74 years 170 15.4
    Others 281 25.5
    Age Group
    Census Count Percent(%)
    Registered Married 403 52.7
    Not Married 281 36.8
    Defacto Relationship 80 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 881 85.4
    Papua New Guinea 27 2.6
    South Africa 11 1.1
    United Kingdom 45 4.4
    Other 26 2.5
    Others 42 4.1
    Country of Birth
    Census Count Percent(%)
    Christianity 720 73.5
    No Religion 244 24.9
    Buddhism 11 1.1
    Other Religious Groups 4 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 41 10.2
    $400-$599 74 18.4
    $600-$799 59 14.7
    $800-$999 56 13.9
    $1,500-$1,999 31 7.7
    Others 141 35.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 394 45.1
    Employed, worked full-time 227 26.0
    Employed, worked part-time 169 19.4
    Unemployed, looking for work 45 5.2
    Employed, away from work 38 4.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 86 19.7
    Professionals 48 11.0
    Technicians & trades workers 55 12.6
    Community & personal service workers 63 14.4
    Labourers 61 14.0
    Others 124 28.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 79 48.8
    Secondary 48 29.6
    Technical or Further Educational Institution 15 9.3
    University or other Tertiary Institutions 7 4.3
    Other type of educational institution 7 4.3
    Others 6 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 682 71.3
    Semi-detached, row or terrace house, townhouse 88 9.2
    Flat, unit or apartment 95 9.9
    Caravan, cabin, houseboat 68 7.1
    House or flat attached to a shop, office 20 2.1
    Others 3 0.3
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 179 40.8
    Rented 174 39.6
    Being purchased 80 18.2
    Other tenure type 6 1.4
    Tenure Type
Census 2011, ABS
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