Suburb Profile
More Recent Sold in Rainbow
| Address | Sold Date | Price |
|---|---|---|
| 23 Cust Street, Rainbow VIC | Feb 2024 | $235,000 |
| 3-5 EDWARD STREET, Rainbow VIC | Nov 2023 | $55,000 |
| 18 Bow Street, Rainbow VIC | Aug 2023 | $200,000 |
| 12 Darts Avenue, Rainbow VIC | Jun 2023 | $229,000 |
| 17 Cust Street, Rainbow VIC | Jun 2023 | $155,000 |
More Recent Rent in Rainbow
| Address | Rent Date | Price(per week) |
|---|---|---|
| 57 Taverner Street, Rainbow VIC | Nov 2023 | $250 |
| 3/46 KING STREET, Rainbow VIC | Jun 2023 | $155 |
| 1/2 Sanders Street, Rainbow VIC | May 2023 | $110 |
| 2/2 Sanders Street, Rainbow VIC | Apr 2023 | $100 |
| 1/18 Albert Street, Rainbow VIC | Mar 2023 | $130 |
Rent Yield in Rainbow
| Beds | Average Price | Average Rent | Average Rent Yield% | Median Price | Median Rent | Median Rent Yield% | Listings |
|---|---|---|---|---|---|---|---|
| ALL | |||||||
| 3 | $283,250 | $250 | 4.59% | $299,500 | $250 | 4.34% | 5 |
| 4 | $145,000 | - | - | $145,000 | - | - | 1 |
| 5 | $420,000 | - | - | $420,000 | - | - | 1 |
| House | |||||||
| 3 | $204,500 | - | - | $204,500 | - | - | 2 |
| 5 | $420,000 | - | - | $420,000 | - | - | 1 |
| Unknown | |||||||
| 3 | $362,000 | $250 | 3.59% | $362,000 | $250 | 3.59% | 3 |
| 4 | $145,000 | - | - | $145,000 | - | - | 1 |
Schools in Rainbow
| School Name | School Sector | School Type |
|---|---|---|
| Rainbow Primary School | Government | Primary |
| Rainbow Secondary College | Government | Secondary |
Crime Rate of Hindmarsh
| Crime Type | Rate of HORSHAM | Rate of VIC |
| Crime Against Property | 3,945 | 4,607 |
| Crime Against the Person | 1,189 | 940 |
| Drug Offences | 439 | 311 |
| Other Crime | 1,550 | 875 |
| Total | 7,123 | 6,733 |
Demographics of Rainbow
| PopulationSize | Rainbow | Melbourne |
| All People | 686 | 4645103 |
| Country of Origin | Rainbow | Melbourne |
| Australian Born | 96% | 71% |
| Born Overseas - Top 5 | Rainbow | Melbourne |
| United Kingdom | 3% | 4% |
| Philippines | 1% | 0% |
| Median household income | Rainbow | Melbourne |
| Weekly income | $713 | $1,333 |
| Age Statistics | Rainbow | Melbourne |
| 60+ | 32% | 17% |
| 40 to 59 | 29% | 26% |
| 5 to 19 | 19% | 21% |
| 20 to 39 | 17% | 29% |
| 0 to 4 | 4% | 6% |
| Family Statistics - Top 5 | Rainbow | Melbourne |
| Married | 54% | 52% |
| Never Married | 24% | 32% |
| Widowed | 14% | 6% |
| Divorced | 8% | 7% |
| Separated | 1% | 3% |
| Religion - Top 5 | Rainbow | Melbourne |
| Uniting Church | 23% | 7% |
| Lutheran | 23% | 1% |
| No Religion | 17% | 20% |
| Anglican | 17% | 17% |
| Catholic | 11% | 32% |
| Occupation - Top 5 | Rainbow | Melbourne |
| Managers and Administrators | 12% | 4% |
| Tradespersons and Related Workers | 4% | 6% |
| Professionals | 4% | 8% |
| Associate Professional | 3% | 5% |
| Intermediate Clerical/Sales/Service | 3% | 7% |
| Education - Top 5 | Rainbow | Melbourne |
| Not Attending (Working) | 80% | 74% |
| Secondary Education | 8% | 8% |
| Infants/Primary | 8% | 9% |
| Pre-School | 2% | 2% |
| Technical or Further Education | 1% | 3% |
| Transport to Work - Top 5 | Rainbow | Melbourne |
| Car (driver) | 16% | 27% |
| Worked at home | 9% | 2% |
| Walked | 6% | 1% |
| Car (passenger) | 1% | 3% |
| Type of Dwelling - Top 3 | Rainbow | Melbourne |
| Separate house | 94% | 78% |
| Flat | 2% | 12% |
| Nature of Occupancy - Top 3 | Rainbow | Melbourne |
| Fully Owned | 66% | 44% |
| Purchasing | 16% | 27% |
| Rented | 9% | 23% |
| Monthly Loan Repayment - Top 5 | Rainbow | Melbourne |
| $200-$399 | 43% | 10% |
| $400-$599 | 36% | 18% |
| $600-$799 | 7% | 21% |
Supply Demand History in Rainbow
| Month | Supply | Demand |
|---|---|---|
| 2015 Apr | 11 | 427 |
| 2015 May | 12 | 405 |
| 2015 Jun | 11 | 462 |
| 2015 Jul | 9 | 348 |
| 2015 Aug | 9 | 446 |
| 2015 Sep | 9 | 412 |
| 2015 Oct | 8 | 313 |
| 2015 Nov | 8 | 261 |
| 2015 Dec | 8 | 191 |
| 2016 Jan | 9 | 372 |
| 2016 Feb | 9 | 276 |
| 2016 Mar | 9 | 302 |
| 2016 Apr | 9 | 430 |
Based on Australian Bureau of Statistics data
Rainbow, VIC 3424
(338.92 km to CBD)
- Median House Price: $118,000
- Median Unit Price: $35,000
Surrounding Suburbs
Selected Demographics of Rainbow
- 401 Number of House
- 21 Number of Unit
- 686 Number of People
- 49 Median Age
- 2.2 Median Household Size
- $70 Weekly Rent
- $404 Weekly Individual Income
- $949 Weekly Family Income
- $718 Weekly Household Income
- $118,000 Median Asking Price
- $180 Median Rent
- 0.08% Rent Yield
- 13 Stock On Sale
- 0.49% Vacancy Rate
- 9 Average Supply
- 344 Average Demand
- 38.26 Supply Demand Ratio
Leading Agencies (Sale)
North West Real Estate - Warracknabeal 65%
Elders - Warracknabeal 15%
Westech Real Estate 4%
Gerry Smith First National - Horsham 2%
Peter Funcke Real Estate - Watchupga 2%
Horsham Real Estate - Horsham 2%
Driscoll, McIllree & Dickinson - Horsham 2%
Aaron Lewis Property Agents - Horsham 1%
PRDnationwide - Horsham 1%
Elders Real Estate - Horsham 1%
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