113 Monssen RoadRainbow VIC 3424
Property Details for 113 Monssen Rd, Rainbow
Last Listing description (February 2017)
Sought after red loam soil type property.
Renowned district for cereal, oilseed and pulse production coupled with outstanding prime lamb production capability.
Property comprises two blocks one of 640 acres or thereabouts and one of 554 acres or thereabouts.
High quality stands of medic based annual pasture throughout.
Wimmera Mallee pipeline connected 32,000 litre storage tanks and water reticulated throughout each block.
Property to be sold as going concern with all growing crops and plant given in.
Further Details Contact..
Brett Gebert 0408626431
Property History for 113 Monssen Rd, Rainbow, VIC 3424
- 02 Feb 2017Listed for Sale Price on Request
- 01 Nov 2014Sold for $652,555
- 02 Oct 2014Listed for Sale PRICE ON REQUEST
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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 599 properties. Over the last 5 years, Houses in Rainbow have seen a 111.44% increase in median value, while Units have seen a 130.67% increase. As at 30 November 2024:
- The median value for Houses in Rainbow is $155,887 while the median value for Units is $264,267.
- Units have a median rent of $115.
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