OFF MARKET

560 Perkins Road
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3858759m2
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Last updated 16 Dec 2024
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Property Details for 560 Perkins Rd, Rainbow

Building Type
Unknown
Land Size
3858759m2
Local Government
Hindmarsh
Lot/Plan
65/PP3796

Last Listing description (March 2016)

Colan Lea - Rainbow
A/C CF & RA Perkins - Approx 2125.18 Acres/ 860.04 Ha
Offered for lease as a whole or 3 separate lots

Tenders Close: Friday 19th February 2016 4pm, at the office of Westech Real Estate, 1 Dahlenburg Drive Nhill
Colan Lea is an excellent opportunity to lease a large parcel of land in the reliable and highly productive area known as Werrap . Located in close to the regional centre of Rainbow this property has a large range of soil types from red free draining loam hills complimented by strong Mallee lower lying areas with a strong and consistent production, input and crop rotation history.
TERM OF LEASE: 3 years commencing on 1st March 2016, payments 6 monthly in advance. The highest or any tender not necessarily accepted.

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Property History for 560 Perkins Rd, Rainbow, VIC 3424

A timeline of how this property has performed in the market
  • 11 Jan 2016
    Listed for Sale FARM LAND - LEASE BY TENDER

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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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