OFF MARKET

12 Spectrum Avenue
Rainbow Beach QLD 4581

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 105m2
Land area: 577m2
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Last updated 11 Nov 2024
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Property Details for 12 Spectrum Ave, Rainbow Beach

12 Spectrum Ave, Rainbow Beach is a 4 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 577m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in May 2013.

Building Type
Unit
Year Built
1980
Floor Size
105m2
Land Size
577m2
Local Government
Gympie Regional
Lot/Plan
43/RB9691

Last Listing description (May 2013)

Prime Real Estate
Nestled in the hub of Rainbow Beach, Spectrum Street has always been very tightly held as it offers residential living right beside the beach and shops.
This property currently has two older style units, both currently tenanted. As this property is located in the tourist hub of Rainbow Beach, there is a perfect opportunity to redevelop into luxury apartments or that long dreamt of beach house.

With the existing income this presents a good opportunity to buy-and-hold now at a rock bottom price or redevelop. Call today to arrange an inspection.

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Property History for 12 Spectrum Ave, Rainbow Beach, QLD 4581

A timeline of how this property has performed in the market
Last Sold
$415,000
24 May 2013
Listed for Rent
$220/w
09 Jul 2010
  • 24 May 2013
    Sold for $415,000
  • 22 Dec 2012
    Listed for Sale REDUCED TO $470,000
  • 09 Jul 2010
    Listed for Rent - Price not available
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About Rainbow Beach 4581

The size of Rainbow Beach is approximately 13.3 square kilometres. It has 12 parks covering nearly 3.2% of total area. The population of Rainbow Beach in 2011 was 1,103 people. By 2016 the population was 1,241 showing a population growth of 12.5% in the area during that time. The predominant age group in Rainbow Beach is 60-69 years. Households in Rainbow Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rainbow Beach work in a managers occupation. In 2011, 57.4% of the homes in Rainbow Beach were owner-occupied compared with 57.7% in 2016.

Rainbow Beach has 1,407 properties. Over the last 5 years, Houses in Rainbow Beach have seen a 80.67% increase in median value, while Units have seen a 100.41% increase. As at 31 October 2024:

  • The median value for Houses in Rainbow Beach is $779,906 while the median value for Units is $576,051.
  • Houses have a median rent of $650 while Units have a median rent of $430.
There are currently 32 properties listed for sale, and 2 properties listed for rent in Rainbow beach on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Rainbow beach.

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