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 78, 5 RAINBOW SHORES DR, RAINBOW BEACH, QLD, 4581||2||1||1||$450,000|
|34 SATINWOOD RD, RAINBOW BEACH, QLD, 4581||5||3||2||Offers Over $899,000|
|8 CARLO RD, RAINBOW BEACH, QLD, 4581||4||3||8||Offers Over $825,000|
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)
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source: Australian Government Bureau of Meteorology
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