OFF MARKET

2 Railway Street
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1225m2
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Property Details for 2 Railway St, Rainbow

Building Type
Land
Land Size
1225m2
Local Government
Hindmarsh
Lot/Plan
5~5/PP5664

Last Listing description (November 2021)

This block would be a fantastic spot to build your dream home STCA. With the caravan Park on one side, the football oval over the back and rear lane access you can't ask for better. The services are also close by for easy access..

Property History for 2 Railway St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$30,000
29 Oct 2021
  • 30 Oct 2021
    Listed for Sale UNDER CONTRACT
  • 29 Oct 2021
    Sold for $30,000
  • 07 Dec 2018
    Sold for $5,000

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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.
There are currently 2 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Rainbow.

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