42 Federal StreetRainbow VIC 3424
Property Details for 42 Federal St, Rainbow
Last Listing description (August 2014)
INVEST IN BRICKS AND MORTAR - NEW PRICE
All keen investors should take a second look at the fantastic investment opportunity. Set on a very prominent prominent corner in the middle of town this hotel returns in excess of $26,000 incl GST, outgoings and the balance of the lease approx. 12 years. The property also includes a vacant block which would be ideal for possible future development STCA.
Inspections are strictly by appointment, contact John Hadley for more details.
Property History for 42 Federal St, Rainbow, VIC 3424
- 27 Oct 2014Sold for $220,000
- 19 May 2014Listed for Sale $245,000
- 27 May 2011Listed for Sale 260000
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0About 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.
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