OFF MARKET

2 Spectrum Avenue
Rainbow Beach QLD 4581

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 569m2
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Property Details for 2 Spectrum Ave, Rainbow Beach

2 Spectrum Ave, Rainbow Beach is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 569m2. While the property is not currently for sale or for rent, it was last sold in August 2005.

Building Type
House
Land Size
569m2
Local Government
Gympie Regional
Lot/Plan
38/RB9691

Last Listing description (December 2012)

Act Now! Opportunity Knocks!
This is an unbelievable chance to benefit from the current property market and purchase a property in a sought after and very tightly held area of Rainbow Beach township.
Previously marketed and well over $1million, the owners of this very popular and much-loved beach house - known as The Shack, have made the difficult to decision to sell.

The current dwelling features:
* two bedrooms
* one bathroom
* large deck overlooking parkland
* fully fenced yard
* large storage room
* lounge room
* kitchen
* laundry area
Currently utilised a holiday rental; providing the owners with a passive income (and a place to stay when they visit sunny Rainbow Beach!)
There is currently an approved Development Application for 1 Indigo Avenue/2 Spectrum Street for up to four units to be constructed on the combined blocks (TOTAL LAND SIZE - 1,038m2).
The adjacent piece of land (at 1 Indigo Avenue) is also for sale if you were looking to pursue the Development Application which is valid until September 2012.
This is a once in a lifetime chance to secure a property within a stone's throw of the beach and main street.
The new Plantation Resort and Rainbow Beach Hotel have completely changed the face of Rainbow Beach and many investors are looking to the future with regards to further development.
Surrounded by National Parks and bordered by the ocean to the east, Rainbow Beach is a unique location with limited scope for expansion.
Enquire today for more information regarding this opportunity to not only own your own 'beach shack' but look to benefit from the capital gains in the future as well.
**A Sustainability Declaration is available upon request for this property - please contact the agent or this office for a copy**

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Property History for 2 Spectrum Ave, Rainbow Beach, QLD 4581

A timeline of how this property has performed in the market
Last Sold
$800,000
25 Aug 2005
  • 11 Feb 2011
    Listed for Sale 920000
  • 25 Aug 2005
    Sold for $800,000
  • 08 Apr 2005
    Sold for $750,000
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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 1,414 properties. Over the last 5 years, Houses in Rainbow Beach have seen a 81.22% increase in median value, while Units have seen a 107.71% increase. As at 31 August 2024:

  • The median value for Houses in Rainbow Beach is $773,933 while the median value for Units is $576,138.
  • Houses have a median rent of $650 while Units have a median rent of $420.
There are currently 34 properties listed for sale, and 7 properties listed for rent in Rainbow beach on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Rainbow beach.

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