179 Rainbow Reach Road, Rainbow Reach NSW 2440
This property is Off Market
- Last sold 10/15/2021 for $740,000. The Average property price in this area is $815,649, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 5.88 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 2/16/2024 661 PLUMMERS LANE $1,000,000
- 8/17/2022 464 RAINBOW REACH RD $1,390,000
- 5/19/2017 479 PLUMMERS LANE $670,000
- 12/1/2015 171 RAINBOW REACH RD $277,500
- 6/9/2015 714 PLUMMERS LANE $875,000
About Kempsey Region
With an average age of 48, households expect an average monthly mortgage payment of $2,000 or a weekly rent payment of $350. The average family earns a weekly income of $1,699 with a typical household size of 2.4 and a 96.74% employment rate.
In Rainbow Reach there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Rainbow Reach is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Rainbow Reach leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Rainbow Reach the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Public Transport
Macksville
General Points of Interest
South West Rocks Country Club
South West Rocks Golf Club
South West Rocks Swimming Pool
German Monument
Smoky Cape
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 1250 asthma sufferers and 847 people living with diabetes. In addition, 642 people have a heart/vascular condition and 1445 people live with three or more chronic diseases.A good place to invest in property?
Kempsey Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
08 / 100
31 / 100
Industry
07 / 100
22 / 100
Population
10 / 100
19 / 100
House Prices
42 / 100
60 / 100
Jobs
13 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsSth West Rocks PS Melville HS
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Kinchela Public School
Kinchela, NSW, 2440 State K-6 -
Kempsey East Public School
Kempsey, NSW, 2440 State K-6 -
Smithtown Public School
Smithtown, NSW, 2440 State K-6 -
Frederickton Public School
Frederickton, NSW, 2440 State K-6 -
St Paul's College
West Kempsey, NSW, 2440 Independent 7-12 -
South West Rocks Public School
South West Rocks, NSW, 2431 State K-6 -
Eungai Public School
Eungai Creek, NSW, 2441 State K-6 -
Stuarts Point Public School
Stuarts Point, NSW, 2441 State K-6 -
Scotts Head Public School
Scotts Head, NSW, 2447 State K-6 -
Gladstone Public School
Gladstone, NSW, 2440 State K-6
Property Story
179 Rainbow Reach Road, Rainbow Reach, Nsw, 2440 is a residential property . The estimated distance to the sea is 5.88km and 0.25KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz 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 Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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