All About Rainbow, Hindmarsh, VIC, 3424
Rainbow, located in the Hindmarsh region of Victoria, is a small, charming town that offers a unique housing market and a peaceful lifestyle. The housing market in Rainbow is characterized by its affordability and variety. Compared to more urban areas, property prices here are quite reasonable, making it an attractive option for first-time buyers or those looking to downsize. Many of the homes in Rainbow are traditional, reflecting the town’s rich history, but there are also modern homes that cater to those seeking contemporary living. The market tends to move at a slower pace, which can be advantageous for buyers looking to carefully consider their options without the pressure of fast turnover.
Living in Rainbow provides a serene and community-focused lifestyle. The town’s small population fosters a close-knit community where neighbors know each other, and community events are well-attended. Surrounded by natural beauty, residents enjoy access to outdoor activities such as hiking and bird watching in nearby parks and reserves. The town offers essential amenities, including schools, shops, and healthcare facilities, ensuring that residents have everything they need within reach. While Rainbow offers a quieter pace of life, it has a strong sense of community and accessibility that many residents find appealing.
Household Makeup
| Median Weekly Rent | $120.00 |
| Median Monthly Mortgage | $710.00 |
| Median Persons Per bed houseroom | 0.73 |
| Average Household Size | 2.33 |
| Average Age | 53.67 |
| Average Income | $606.33 |
| Average Cars Per Dwelling | 2.27 |
| Average Properties Within 50M | 4 |
| Typical 1 bed house | $152,000 |
| Typical 2 bed house | $135,000 |
| Typical 3 bed house | $203,000 |
| Typical 4 bed house | $299,000 |
| Typical 5 bed house | $143,000 |
Housing Stock
Local Internet Speeds
Download 25 Mbps / Upload 5 Mbps
Rainbow Real Estate Market Outlook
Thinking about buying in Rainbow? Now could not be a better time, with 583 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $162,000 with prices in this suburb ranging from $28,000 to $404,000. The aproximate distance to the coast is 180 Km.
Consistent high demand relative to supply is a key feature in Rainbow driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Rainbow due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Rainbow 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 to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Rainbow 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.
Instant Property Valuation
3
1
2 Local Schools
Rainbow P-12 College
(While the above schools are located with the suburb of Rainbow there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Rainbow weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Nov | 0.6 | 10.5 | 28.0 | 24.5 | 82.1 | 4.9 | 24.8 |
| Dec | 1.2 | 13.4 | 31.0 | 21.2 | 74.6 | 5.1 | 27.8 |
| Jan | 0.8 | 15.1 | 33.4 | 20.1 | 72.1 | 5.0 | 27.8 |
| Feb | 0.9 | 15.2 | 32.2 | 24.6 | 76.0 | 4.8 | 24.4 |
| Mar | 0.5 | 12.6 | 28.5 | 28.3 | 78.8 | 4.4 | 18.9 |
| Apr | 0.8 | 9 | 23.7 | 35.6 | 84.8 | 3.8 | 14.6 |
| May | 0.8 | 6.0 | 19.0 | 47.0 | 92.7 | 3.7 | 10.8 |
| Jun | 0.8 | 4.0 | 15.4 | 58.3 | 96.7 | 3.6 | 8.9 |
| Jul | 0.8 | 2.9 | 15.2 | 55.5 | 95.9 | 3.8 | 9.1 |
| Aug | 0.8 | 3.3 | 16.6 | 47.6 | 95.6 | 4.1 | 12.2 |
| Sept | 1.0 | 4.6 | 20.2 | 37.9 | 93.1 | 4.4 | 16.4 |
| Oct | 0.9 | 7.5 | 24.3 | 30.4 | 88.1 | 4.7 | 21.4 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Rainbow Golf Club - Less than 5 KM
Rainbow War Memorial - Less than 5 KM
Rainbow Pool - Less than 5 KM
Nearby Suburbs
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!