OFF MARKET

560 Perkins Road
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3858759m2
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Last updated 11 Nov 2024
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Property Details for 560 Perkins Rd, Rainbow

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

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 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.
There are currently 3 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Rainbow.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.