SOLD
Sold on 14 Aug 2024 for $530,000

5/2 Cypress Avenue
Rainbow Beach QLD 4581

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 110m2
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Property Details for 5/2 Cypress Ave, Rainbow Beach

5/2 Cypress Ave, Rainbow Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 110m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Rainbow Beach in the last 12 months.

Building Type
Unit
Year Built
1982
Floor Size
84m2
Land Size
110m2
Local Government
Gympie Regional
Lot/Plan
5/BUP4749

Last Listing description (August 2016)

Well as they say with real estate, its all about location and this unit ticks that box completely.
Located less than 350 metres to the pristine surf beach at Rainbow - this property may need a little bit of work but it is in a prime spot!
Featuring:

* two large bedrooms with built-ins
* one bathroom
* open plan living
* large balcony
* single carport
* views across parkland
* air conditioning
Literally a five minute walk to the shops and the beach, this top floor (second storey) unit captures beautiful sea breezes from its elevated position. Right next to the new Town Hall and Aquatic Centre, this is a fantastic spot.
With only six units in the complex, its proximity to everything in town (Sports Club, cafes, shops, etc) makes it an ideal investment property.
There are not many properties in Rainbow Beach for under $250,000 - so act now and secure your piece of paradise.
Property Code: 404172728

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Property History for 5/2 Cypress Ave, Rainbow Beach, QLD 4581

A timeline of how this property has performed in the market
Last Sold
$530,000
14 Aug 2024
Listed for Rent
$190/w
30 Jul 2013
  • 14 Aug 2024
    Sold for $530,000
  • 23 Mar 2018
    Sold for $220,000
  • 16 Jul 2013
    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 30 properties listed for sale, and 2 properties listed for rent in Rainbow beach on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Rainbow beach.

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