OFF MARKET

1/18 Albert Street
Rainbow VIC 3424

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 990m2
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Last updated 4 Nov 2024
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Property Details for 1/18 Albert St, Rainbow

1/18 Albert St, Rainbow is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 990m2.

Building Type
Unit
Year Built
2001
Land Size
990m2
Local Government
Hindmarsh

Last Listing description (April 2020)

This 1 bedroom unit is close to school and shops. Carpeted living area features R/C air conditioner, functional kitchen with electric cooking facilities, built-in robe in bedroom, bathroom with shower over bath and space allowed for a washing machine. Satellite TV available. There is a shared low maintenance yard and carport. 'NOT SUITABLE FOR PETS'
AVAILABLE FROM 14TH MAY 2020
NO INSPECTIONS WHILE TENANTED - PLEASE APPLY FIRST - APPROVED APPLICANT WILL BE GIVEN OPPORTUNITY TO INSPECT PRIOR TO SIGNING LEASE

Property History for 1/18 Albert St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Listed for Rent
$110/w
23 Apr 2020
  • 15 Apr 2020
    Listed for Rent $109 / week
  • 18 Oct 2019
    Listed for Rent $89 / week
  • 07 Jun 2019
    Listed for Rent - Price not available
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About Rainbow 3424

The size of Rainbow is approximately 890.7 square kilometres. It has 5 parks covering nearly 8.9% of total area. The population of Rainbow in 2011 was 735 people. By 2016 the population was 688 showing a population decline of 6.4% in the area during that time. The predominant age group in Rainbow is 60-69 years. Households in Rainbow are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Rainbow work in a managers occupation. In 2011, 79.4% of the homes in Rainbow were owner-occupied compared with 82.2% in 2016.

Rainbow has 600 properties. Over the last 5 years, Houses in Rainbow have seen a 82.86% increase in median value, while Units have seen a 79.10% increase. As at 31 October 2024:

  • The median value for Houses in Rainbow is $214,603 while the median value for Units is $204,961.
  • Units have a median rent of $115.
There are currently 3 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Rainbow.

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