FOR SALE
$69,000 Negotiable

2 Rigg Street
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1410m2
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Large Vacant Land on 2 Titiles

Phone enquiry code for this property : 7484
Set on a quiet side street and withing walking distance of the School, IGA, Post Ofiice, Bakery and other retail outlets this vacant land is the perfect site to develop your new home or rental properties. The land is 1410 square metres and contains 2 Titles for possible sub-division or parcel re-alignment STCA. The land has water connected, has previously had sewage connected and has been managed without any chemicals for roughly 10 years. The boundaries have been planted with a privacy hedge and the land was being used an organic market garden.
Phone enquiry code for this property : 7484
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Property Details for 2 Rigg St, Rainbow

Building Type
Land
Land Size
1410m2

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About Rainbow 3424

The size of Rainbow is approximately 890.7 square kilometres. It has 5 parks covering nearly 8.9% of total area. The population of Rainbow in 2011 was 735 people. By 2016 the population was 688 showing a population decline of 6.4% in the area during that time. The predominant age group in Rainbow is 60-69 years. Households in Rainbow are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Rainbow work in a managers occupation. In 2011, 79.4% of the homes in Rainbow were owner-occupied compared with 82.2% in 2016.

Rainbow has 600 properties. Over the last 5 years, Houses in Rainbow have seen a 82.86% increase in median value, while Units have seen a 79.10% increase. As at 31 October 2024:

  • The median value for Houses in Rainbow is $214,603 while the median value for Units is $204,961.
  • Units have a median rent of $115.
There are currently 3 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Rainbow.

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