FOR SALE
69,000 Price reduced from 75,000

3-5 Edward Street
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2000m2
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Double block on the edge of town with great views

The Phone Code for this property is: 33061. Please quote this number when phoning or texting.
Double block - 2000 m2 fenced on 3 sides - services at boundary - zoned township.
This block is situated in a quiet street at the edge of town.
There are beautiful large shade trees that have been planted by one of the previous owners. Great views, family friendly town.
It has all services available at the boundary, which is a great advantage and savings. More current photos coming next week.
*** Please submit offers before Mon 29th July 2024. ***
Rainbow is a great little town to live in with lots on offer:
Great community spirit, there are plenty of community groups to get involved in with a busy yearly event calendar. This is the kind of town where people still help their neighbors without having to ask and everyone looks out for each other.
SERVICES & BUSINESSES IN TOWN:
Kindergarten
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Property Details for 3-5 Edward St, Rainbow

Building Type
Land
Land Size
2000m2

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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 73.59% increase in median value, while Units have seen a 61.98% increase. As at 31 August 2024:

  • The median value for Houses in Rainbow is $135,689 while the median value for Units is $221,116.
  • Units have a median rent of $115.
There are currently 4 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Rainbow.

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