Rainbow Reach is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 84, the suburb has an older demographic with a median age of 56. Households earn a median income of $53K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Rainbow Reach is $1.1 million, having surged 61.5% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $433.
Public transport access includes 4 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Rainbow Reach offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 19.7x is considered stretched. House prices have moved +61.5% year-on-year.
Rainbow Reach is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 84, the suburb has an older demographic with a median age of 56. Households earn a median income of $53K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Rainbow Reach is $1.1 million, having surged 61.5% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $433.
Public transport access includes 4 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Rainbow Reach offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 19.7x is considered stretched. House prices have moved +61.5% year-on-year.