OFF MARKET

20 Railway Street
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1042m2
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Last updated 16 Dec 2024
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Property Details for 20 Railway St, Rainbow

20 Railway St, Rainbow is a 0 bedroom, 0 bathroom House. The property has a land size of 1042m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Land Size
1042m2
Local Government
Hindmarsh
Lot/Plan
2/TP245240

Last Listing description (April 2023)

This vacant block of land is situated in the small town of Rainbow and is the site for anyone looking to build (STCA).

The small town of Rainbow has plenty of amenities such as the West Wimmera Health Service, Rainbow Community Pharmacy, Rainbow IGA Express, Rainbow P-12 College, Eureka Hotel, and an abundance of community groups.

The town is situated just 15 km from the Lake Hindmarsh where there are camping areas and is just a 10 minute drive from Lake Albacutya.

Rainbow is approx. 20 minutes from Jeparit, half an hour to Beulah and Hopetoun, and approx. 50 minutes to the popular Lake Lascelles.

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Property History for 20 Railway St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$39,000
08 Feb 2023
  • 08 Feb 2023
    Sold for $39,000
  • 09 Aug 2022
    Listed for Sale Not Disclosed
  • 09 Dec 2004
    Sold for $1,000
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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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