BLOCK WITH VIEWS
THIS IS A GREAT BLOCK ON THE EDGE OF TOWN WITH CAPTIVATING VIEWS OVER THE UNDULATING FARMLAND SURROUNDING AND YET ONLY MINUTES WALK TO THE TOWNS SHOPS. NEARLY 1000SQM, SERVICES AVAILABLE, FENCED WITH GARDEN SHED. THIS BLOCK WON'T LAST LONG!
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 73.59% increase in median value, while Units have seen a 61.98% increase. As at 31 August 2024:
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