Rainbow, VIC 3424: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Rainbow, the median property price for a house is currently $212,500 with annual capital growth of 31.17% . There were 10 house sales in the past 12 months. On average, houses spend 46 days on market.

Houses have seen -2.30% growth in the past quarter, and 31.17% growth in the past 12 months.

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.

There were 1 unit sales in the past 12 months.

$suburbContentType.expertReport

Looking to invest or refinance? Compare investor loans or SMSF loans

Key Market Data	House	Unit
Median price	$212,500	–
Quarterly growth	-2.30%	–
12-month growth	+31.17%	–
Average annual growth	+16.86%	–
Weekly median rent	–	–
Gross rental yield	10.05%	5.38%
Number of Sales (12m)	10	1
Avg. Days on Market (12m)	46	–

Jump to Market Trends

Key Demographics	2011	2016
Total population	735	688
Population change (5y)	+13.25%	-6.40%
Median household income (p/w)	$760	$893
Household income change (5y)	+32.40%	+17.50%
Median age of persons	48	52

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Rainbow is $212,500 for houses.

The Median Growth in Rainbow over the past 12 months is 31.17% for houses.

Over the past 12 months there were 10 houses sold and 1 units sold in Rainbow. On average, houses spent 46 days on market.

In the past 12 months up to September 2024 there were 10 houses sold and 1 units sold in Rainbow. On average, houses spent 46 days on market.

1 Year 5 Years 10 Years

Houses

Units

Data is not currently available for the past 12 months.

The Rental Yield in Rainbow is 10.05% for houses and 5.38% for units.

1 Year 5 Years 10 Years

Looking to invest or refinance?

Compare Investor Loans Compare SMSF Loans

Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Rainbow was 688 in 2016, a -6.40% change compared to 2011.

The predominant age group in Rainbow is 60-69 years.

The population of Rainbow was 688 in 2016, a -6.40% change compared to 2011.

The predominant age group in Rainbow is 60-69 years.

Most of the population in Rainbow were born in Australia.

Most of the population in Rainbow report their religion as No Religion.

Most of the population in Rainbow report their religion as Lutheran.

Most of the population in Rainbow report their income range as between $15,000 and $33,000 .

The median household income in Rainbow was $893 in 2016, a +17.50% change compared to 2011.

Most of the population in Rainbow report their income range as between $15,000 and $31,000 .

The median household income in Rainbow was $760 in 2011, a +32.40% change compared to 2006.

Most of the population in Rainbow work as Managers.

The chart below demonstrates the various levels of education in Rainbow.

Most of the population in Rainbow reached a qualification level of Certificate.

2011 2016

Get notified when our data is updated.

By subscribing you agree to our privacy policy.

Disclaimers

This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This publication reproduces materials and content owned or licenced by RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and may include data, statistics, estimates, indices, photographs, maps, tools, calculators (including their outputs), commentary, reports and other information (CoreLogic Data).

© Copyright 2024. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/aboutus/thirdpartyrestrictions

Suburb borders rendered using geocodes provided by Openstreetmap.

Compare Investor Loans

Find a great rate for your investment property

Need help with an SMSF home loan?

Speak to an SMSF lending specialist

Important information

YourInvestmentPropertyMag.com.au provides general information and comparison services to help you make informed financial decisions. We do not cover every product or provider in the market. Our service is free to you because we receive compensation from product providers for sponsored placements, advertisements, and referrals. Importantly, these commercial relationships do not influence our editorial integrity.

For more detailed information, please refer to our How We Get Paid, Managing Conflicts of Interest, and Editorial Guidelines pages.

Editorial Integrity

At YourInvestmentPropertyMag.com.au, we are passionate about helping Australians make informed financial decisions. Our dedicated editorial team works tirelessly to provide you with accurate, relevant, and unbiased information. We pride ourselves on maintaining a strict separation between our editorial and commercial teams, ensuring that the content you read is based purely on merit and not influenced by commercial interests.

Learn more about our commitment to editorial integrity in our Editorial Guidelines.

Advertiser Disclosure

Our service is free for you, thanks to support from our partners through sponsored placements, ads, and referrals. We earn compensation by promoting products, referring you, or when you click on a product link. You might also see ads in emails, sponsored content, or directly on our site.

For more details, see How We Get Paid.

Product Coverage and Sort Order

We strive to cover a broad range of products, providers, and services; however, we do not cover the entire market. Products in our comparison tables are sorted based on various factors, including product features, interest rates, fees, popularity, and commercial arrangements.

Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes.

Additionally, certain products may present forms designed to refer you to associated companies (e.g. our mortgage broker partner) who may be able to assist you with products from the brand you selected. We may receive a fee for this referral.

You can customise your search using our sorting and filtering tools to prioritise what matters most to you, although we do not compare all features and some results associated with commercial arrangements may still appear.

For more details, visit How We Get Paid and Managing Conflicts of Interest.

Comparison Rate Warning and Base Criteria

For home loans, the base criteria include a $400,000 loan amount over 30 years. These rates are only examples and may not include all fees and charges.

*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Monthly Repayment Figures

Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.

Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you.

Related Brands

YourInvestmentPropertyMag.com.au is proudly part of the InfoChoice Group, which includes InfoChoice.com.au, Savings.com.au, YourMortgage.com.au, and PerformanceDrive.com.au. The InfoChoice Group is associated with the Firstmac Group.

We may include products and services from loans.com.au, CarLoans.com.au, OnlineAuto.com.au, and YourMortgageBroker Pty Ltd, all associated with the Firstmac Group. Importantly, these brands are treated like any other commercial partner.

Learn more about how we manage conflicts of interest.

General Advice Disclosure

The information provided by YourInvestmentPropertyMag.com.au is general in nature and does not take into account your personal objectives, financial situation, or needs. We recommend seeking independent financial advice before making any financial decisions. Before acquiring any financial product, obtain and read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and any other offer documents.

Rates and product information should be confirmed with the relevant credit provider. For more information, read YourInvestmentPropertyMag.com.au’s Financial Services and Credit Guide (FSCG).