OFF MARKET

50 Warracknabeal-Rainbow Road
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 27478m2
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Property Details for 50 Warracknabeal-Rainbow Rd, Rainbow

Building Type
Rural
Land Size
27478m2
Local Government
Hindmarsh
Lot/Plan
1/PS716428

Last Listing description (January 2013)

Good Southern Mallee loom soils on this 1160 acre farm at Kenmare. The property surrounds the official town boundary. It is available as a whole or in 2 separate lots lot (1) 610 acres, and lot (2) 550 acres. With GWM pipeline connection, good fertiliser history, currently all sown to Barley with possession on the 1st of Feb 2013.

Property History for 50 Warracknabeal-Rainbow Rd, Rainbow, VIC 3424

A timeline of how this property has performed in the market
  • 27 Sep 2012
    Listed for Sale $920 PER ACRE

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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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