Rainbow Flat is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 693, the suburb has a mature demographic with a median age of 51. Households earn a median income of $68K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Rainbow Flat is $1.1 million, having dipped slightly 2.5% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,690.
Public transport access includes 20 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Rainbow Flat offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.8x is considered stretched. House prices have moved -2.5% year-on-year.
Rainbow Flat is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 693, the suburb has a mature demographic with a median age of 51. Households earn a median income of $68K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Rainbow Flat is $1.1 million, having dipped slightly 2.5% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,690.
Public transport access includes 20 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Rainbow Flat offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.8x is considered stretched. House prices have moved -2.5% year-on-year.