Thinking about buying in Rainbow Beach? Now could not be a better time, with 1646 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $672,000 with prices in this suburb ranging from $142,000 to $5,091,000. Rainbow Beach is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $291.50 |
Median Monthly Mortgage | $1473.50 |
Median Persons Per Bedroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 54.50 |
Average Income | $632.50 |
Average Cars Per Dwelling | 1.93 |
Average Properties Within 50M | 22 |
1 Bed  $282,000 |
2 Bed  $505,000 |
3 Bed  $723,000 |
4 Bed  $818,000 |
5 Bed  $821,000 |
6 Bed+$1,015,000 |
In Rainbow Beach 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 Beach 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. The slightly lower than average earnings from occupations in Rainbow Beach changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Rainbow Beach to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
unit 2, 9 wyvern rd, rainbow beach, qld, 4581 | 2 | 1 | 0 | Offers over $480,000 |
Rainbow Beach State School
(While the above schools are located with the suburb of Rainbow Beach there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 3.1 | 21.0 | 29.9 | 54.6 | 91.5 | 2.1 | 24.2 |
Mar | 7.1 | 20.2 | 28.9 | 58.1 | 93.8 | 2.1 | 18.2 |
Apr | 3.6 | 17.7 | 26.8 | 55.3 | 93.8 | 2 | 16.4 |
May | 4.2 | 13.8 | 23.6 | 53.6 | 93.7 | 1.8 | 14.1 |
Jun | 1.7 | 11.5 | 21.9 | 53.9 | 94.2 | 1.6 | 12.7 |
Jul | 1.8 | 10.2 | 22.1 | 48.3 | 94.8 | 1.6 | 13.7 |
Aug | 0.6 | 10.0 | 23.7 | 39 | 93.9 | 1.6 | 16.8 |
Sept | 1.4 | 13.1 | 25.1 | 43.8 | 92.9 | 2.0 | 19.5 |
Oct | 5.9 | 16.1 | 26.5 | 51.9 | 93.8 | 2.1 | 21.4 |
Nov | 0.8 | 17.8 | 29.2 | 44.8 | 92.0 | 2.3 | 26.2 |
Dec | 4.1 | 20.5 | 29.9 | 52.3 | 91.6 | 2.4 | 23.3 |
source: Australian Government Bureau of Meteorology
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