21 Rumbalara AvenueRainbow Beach QLD 4581
Property Details for Lot 1/21 Rumbalara Ave, Rainbow Beach
Lot 1/21 Rumbalara Ave, Rainbow Beach is a 4 bedroom, 2 bathroom Unit with 3 parking spaces and was built in 1980. The property has a land size of 670m2 and floor size of 59m2.
Last Listing description (March 2017)
Conveniently situated in a quiet street, walking distance to shops and the beach. These fantastic units are offered for sale as a package deal for the astute investor.
Unit 1 has a rental appraisal of $150 per week and offers:
* one bedroom
* combined dining/kitchen area
* living room
* spacious undercover alfresco
* carport
Unit 2 has a rental appraisal of approximately
$230-$240 per week and boasts:
* three bedrooms
* renovated bathroom
* laundry
* spacious living
* dining
* renovated kitchen with dishwasher
* ceiling fans throughout
* new light fittings
* freshly painted throughout
* cross-ventilation via louver windows
* large undercover outdoor entertainment area
* boat port and car port
Both units represent great value and you could opt to live in one and rent out the other - receiving a passive income.
Units are strata-titled so you have the option of selling off one or the other in the future.
Rainbow Beach is fast becoming THE tourist destination for south-east Queensland. With the new Hotel open in town and one of the most pristine beaches in the world - Rainbow is one of the few remaining coastal towns which has avoided high rise saturation and attracts families, couples, adventure seekers and retirees alike.
Property Code: 105469970
Property History for Lot 1/21 Rumbalara Ave, Rainbow Beach, QLD 4581
- 17 Jan 2017Listed 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 1,408 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.
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