Question 1

Is Rainbow Beach a nice place to live?

Accepted Answer

Rainbow Beach sits near K'gari and the Great Sandy National Park. It is known for the Carlo Sand Blow, the coloured sand cliffs and as a departure point for island and fishing trips.

The community is older, with many couples without children at home and incomes below the Queensland median; 65.6% of families are couples without children. The streets have low-rise timber cottages and holiday homes clustered around a compact main street of cafes, surf shops and takeaways, and outdoor life centres on fishing, surfing, four-wheel driving on the sand and walking tracks into coastal bushland. The Carlo Point boat ramp has been upgraded, with a new floating walkway alongside the public ramp.

Question 2

Is it expensive to live in Rainbow Beach?

Accepted Answer

Renting in Rainbow Beach would take a large share of a typical local household's weekly income. House rents average $625 a week, about 64% of the typical local household income of $972 a week at the most recent Census. Unit rents average $460 a week, about 47% of that weekly income. If you're renting rather than buying, those rent shares are the numbers that matter.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Rainbow Beach a good place to invest?

Accepted Answer

The most noticeable movement in Rainbow Beach over the past 12 months was in houses: median house values rose a strong 13.7% while house rents increased a solid 5.9%. Units also recorded growth, with median unit values up 7.3% and unit rents up a modest 2.2%.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	13.7%	7.3%
Sold Past 3 months	4	4
Median days on market Past 12 months	97	35
Average rent Past 12 months	$625	$460
Change in rent Past 12 months	5.9%	2.2%

	Suburb	QLD
Median age years	56	38
Median household income weekly	$972	$1,675
Couples with children share of families	21.9%	41.2%
Couples without children share of families	65.6%	40.3%
One-parent families share of families	12.5%	16.8%
Homes owned outright share of homes	46.9%	30.1%
Homes with a mortgage share of homes	21.4%	35.6%
Homes rented share of homes	31.7%	34.3%

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