A Great Opportunity
2 acres located midway between Taree and Forster! This is a beautiful block with established gardens, a dam and a huge shed, partly improved for accommodation and separate metal double garage. The machinery shed on the property is connected to services and a registered on-site septic. The block is level to a gentle slope and would make the perfect base for someone wishing to travel, a weekender for someone who is not quite ready to make the full move to the area or a great block to build your dream home. Only 6 kms in from the coast it has access to forest areas for those who love horse riding. This is a truly magical block in a very sought after location.
The size of Rainbow Flat is approximately 35.8 square kilometres. It has 3 parks covering nearly 12.5% of total area. The population of Rainbow Flat in 2011 was 667 people. By 2016 the population was 672 showing a population growth of 0.7% in the area during that time. The predominant age group in Rainbow Flat is 60-69 years. Households in Rainbow Flat are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rainbow Flat work in a professional occupation. In 2011, 82.6% of the homes in Rainbow Flat were owner-occupied compared with 93.2% in 2016.
Rainbow Flat has 318 properties. Over the last 5 years, Houses in Rainbow Flat have seen a 42.03% increase in median value. As at 31 October 2024:
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