Thinking about buying in Rainbow Flat? Now could not be a better time, with just 362 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,024,000 with prices in this suburb ranging from $226,000 to $3,319,000. Rainbow Flat is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $400.00 |
| Median Monthly Mortgage | $2067.00 |
| Median Persons Per Bedroom | 0.60 |
| Average Household Size | 2.00 |
| Average Age | 61.00 |
| Average Income | $661.00 |
| Average Cars Per Dwelling | 1.89 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 1 Bed $772,000 |
| 2 Bed $716,000 |
| 3 Bed $974,000 |
| 4 Bed $1,206,000 |
| 5 Bed $1,165,000 |
| 6 Bed+$1,250,000 |
Rainbow Flat Real Estate Market Outlook
In Rainbow Flat 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 Flat 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 Flat 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. 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. Lower than average industry presence in Rainbow Flat we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Rainbow Flat a better buying opportunity than it may have been in the past.
Houses for sale Rainbow Flat
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4 IDLEWOODS CR, RAINBOW FLAT, NSW, 2430 |  4 |
 2 |
 3 |
$1,365,000 |
|
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2 KHAPPINGHAT CL, RAINBOW FLAT, NSW, 2430 | 6 |
3 |
3 |
$999,000 - Reduced |
Local Schools
Hallidays Point Public School
(While the above schools are located with the suburb of Rainbow Flat there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Rainbow Flat 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 | |
|---|---|---|---|---|---|---|---|
| Jan | 2.0 | 18.9 | 30.1 | 48.1 | 93.6 | 4.6 | 24.5 |
| Feb | 3.3 | 18.6 | 28.3 | 52.7 | 94.5 | 4.2 | 20.7 |
| Mar | 5.1 | 17.4 | 26.8 | 54.2 | 95 | 4.1 | 16.6 |
| Apr | 4.4 | 13.7 | 24.5 | 51.6 | 95.8 | 3.6 | 14.4 |
| May | 2.6 | 10.0 | 21.0 | 49.3 | 93.8 | 4.0 | 11.3 |
| Jun | 4.8 | 8.7 | 18.2 | 54.4 | 94.2 | 4.3 | 9.5 |
| Jul | 2.3 | 6.8 | 18.3 | 46.1 | 91.9 | 4.5 | 10.8 |
| Aug | 1.8 | 6.8 | 19.8 | 38.5 | 91.6 | 4.5 | 13.7 |
| Sept | 2.0 | 9.4 | 23.0 | 37.0 | 92.5 | 4.3 | 18.2 |
| Oct | 2.4 | 12.2 | 24.8 | 41.5 | 93.0 | 4.4 | 21.3 |
| Nov | 2.5 | 15.5 | 26.9 | 46.8 | 93.7 | 4.4 | 24 |
| Dec | 2.5 | 17.3 | 28.2 | 47.8 | 93.3 | 4.6 | 24.8 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 18-07-2024 | $790,000 | 3 KHAPPINGHAT CL |
| 01-05-2024 | $1,380,000 | 8 CHELMSBROOK DR |
| 05-04-2024 | $1,199,000 | 19 CHELMSBROOK DR |
| 25-03-2024 | $425,000 | 3 SEAVIEW CL |
| 25-01-2024 | $450,000 | 33 KIWARRAK DR |
| 07-12-2023 | $1,100,000 | 2089 THE LAKES WAY |
| 30-08-2023 | $460,000 | 3 BENNETT CL |
| 18-08-2023 | $885,000 | 6 VALLEY VIEW PL |
| 04-08-2023 | $895,000 | 1817 THE LAKES WAY |
| 19-06-2023 | $1,100,000 | 15 CHELMSBROOK DR |
| 14-04-2023 | $1,100,000 | 12 CHELMSBROOK DR |
| 05-04-2023 | $600,000 | 41 KIWARRAK DR |
| 14-02-2023 | $3,000,000 | 245 TALLWOOD DR |
| 29-11-2022 | $1,060,000 | 12 IDLEWOODS CRES |
| 23-08-2022 | $430,000 | 8 KOORAINGHAT CL |
| 12-08-2022 | $1,600,000 | 10 RED OAK RD |
| 18-07-2022 | $1,050,000 | 8 SEAVIEW CL |
| 15-07-2022 | $849,000 | 7 RAINBOW CL |
| 07-07-2022 | $1,065,000 | 49 HOLDEN RD |
| 18-05-2022 | $1,530,000 | 1 RED OAK RD |
| 13-05-2022 | $1,300,000 | 376 TALLWOOD DR |
| 02-05-2022 | $1,400,000 | 2017 THE LAKES WAY |
| 08-04-2022 | $1,050,000 | 1776 THE LAKES WAY |
| 28-02-2022 | $1,050,000 | 80 WINMURRA DR |
| 16-12-2021 | $400,000 | 1 TREEVIEW DR |
| 08-10-2021 | $1,230,000 | 1955 THE LAKES WAY |
| 05-10-2021 | $1,750,000 | 36 KOORAK PL |
| 30-09-2021 | $680,000 | 37 KIWARRAK DR |
| 25-08-2021 | $900,000 | 30 IDLEWOODS CRES |
| 22-07-2021 | $1,230,000 | 3 BLAMEY PL |
| 07-07-2021 | $605,000 | 17 KIWARRAK DR |
| 21-06-2021 | $355,000 | 3 SEAVIEW CL |
| 28-05-2021 | $930,000 | 18 IDLEWOODS CRES |
| 21-05-2021 | $1,720,000 | 32 CHELMSBROOK DR |
| 10-05-2021 | $1,700,000 | 117 WINMURRA DR |
| 04-05-2021 | $300,000 | 1892 THE LAKES WAY |
| 30-04-2021 | $1,050,000 | 30 KIWARRAK DR |
| 30-03-2021 | $885,000 | 15 CHELMSBROOK DR |
| 26-03-2021 | $730,000 | 33 KIWARRAK DR |
| 17-03-2021 | $655,000 | 5 RAINBOW CL |
| 17-02-2021 | $934,000 | 25 CHELMSBROOK DR |
| 18-12-2020 | $590,000 | 23 KIWARRAK DR |
| 17-12-2020 | $570,000 | 2 RAINBOW CL |
| 17-12-2020 | $1,400,000 | 56 TALLWOOD DR |
| 15-12-2020 | $345,000 | 11 KIWARRAK DR |
| 24-11-2020 | $850,000 | 24 CHELMSBROOK DR |
| 02-11-2020 | $365,000 | 39 KIWARRAK DR |
| 03-08-2020 | $680,000 | 5 TREEVIEW DR |
| 31-07-2020 | $795,000 | 126 OLD SOLDIERS RD |
| 30-06-2020 | $670,000 | 139 TALLWOOD DR |
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
General Points of Interest
Whale Watch Tower - Less than 10 KM
Taree Motorcycle Club - Less than 10 KM
Black Head Rock Pool - Less than 10 KM
Black Head Bowling Club - Less than 10 KM
The Big Buzz Fun Park - Less than 2 KM
Ton-o-fun Park - Less than 10 KM
Cave - Less than 10 KM
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