SOLD
Sold on 08 Nov 2023 for $387,000

50/5 Rainbow Shores Drive
Rainbow Beach QLD 4581

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 90m2
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Property Details for 50/5 Rainbow Shores Dr, Rainbow Beach

50/5 Rainbow Shores Dr, Rainbow Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 90m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Rainbow Beach in the last 12 months.

Building Type
Unit
Year Built
2005
Floor Size
71m2
Land Size
90m2
Local Government
Gympie Regional
Lot/Plan
50/SP164979

Last Listing description (May 2019)

Fantastic, fully furnished, two bedroom unit located on the second floor overlooking manicured lawns with a tropical garden backdrop.
Less than 10 minutes walk and you can feel the sand between your toes on one of the most gorgeous surf beaches in the world.
Rainbow Shores Resort is a popular destination offering a lap pool, lagoon pool, tennis court, kids playground, BBQ area and landscaped grounds. Easy access a Restaurant and Bar, the Resort offers everything you could want in a holiday getaway.

Great holiday letting returns PLUS you can utilise the property whenever you wish.
Property Code: 105460351

Property History for 50/5 Rainbow Shores Dr, Rainbow Beach, QLD 4581

A timeline of how this property has performed in the market
Last Sold
$387,000
08 Nov 2023
  • 08 Nov 2023
    Sold for $387,000
  • 14 Feb 2021
    Sold for $205,000
  • 08 Jan 2009
    Listed for Sale Not Disclosed
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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 1,410 properties. Over the last 5 years, Houses in Rainbow Beach have seen a 78.92% increase in median value, while Units have seen a 92.80% increase. As at 31 July 2024:

  • The median value for Houses in Rainbow Beach is $768,375 while the median value for Units is $554,632.
  • Houses have a median rent of $650 while Units have a median rent of $410.
There are currently 30 properties listed for sale, and 7 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.

Suburb Insights for Rainbow Beach 4581

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.