5 Ilmenite AvenueRainbow Beach QLD 4581
Property Details for 5 Ilmenite Ave, Rainbow Beach
5 Ilmenite Ave, Rainbow Beach is a 5 bedroom, 4 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 607m2 and floor size of 277m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (June 2021)
Situated in the sought after original precinct close the beach in Rainbow, properties in this area are very tightly held so dont delay calling us. If you are looking for a beach house that is close to everything, walking distance to the beach and the shops - then this is the one for you.
This fantastic, two storey beach house has two bedrooms and one bathroom as well as a double lock up garage and is only a hop skip and a jump away from the patrolled surf beach, park and all amenities.
With plenty of room for the boat, this property will be a great hit for both the family and the group of mates/fishermen.
Hold onto the property as a holiday home or redevelop (STCA) and build something modern within metres to the surf beach. There has been some redevelopment in this precinct over the past few years and the whole face of Rainbow is changing.
Property Code: 903
Property History for 5 Ilmenite Ave, Rainbow Beach, QLD 4581
- 01 Jun 2021Listed for Sale $700,000
- 08 May 2021Sold for $690,000
- 21 Dec 2017Listed for Sale $685,000
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0About 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 1,413 properties. Over the last 5 years, Houses in Rainbow Beach have seen a 80.24% increase in median value, while Units have seen a 105.11% increase. As at 30 September 2024:
- The median value for Houses in Rainbow Beach is $767,437 while the median value for Units is $566,289.
- Houses have a median rent of $650 while Units have a median rent of $420.
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