10 Railway Street, Rainbow, VIC 3424 | Land for sale | OnTheHouse
 
FOR SALE
New Build
$65,000

10 Railway Street
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1252m2
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Affordable Lifestyle Block with Endless Opportunities & Weekend Adventures.

Escape the hustle and embrace the relaxed country lifestyle with this generous 1,252sqm (approx.) fully fenced allotment at 10 Railway Street, Rainbow. Offering both front and rear access, this versatile block presents an outstanding opportunity to create your ideal country retreat, permanent residence or investment for the future (STCA).
Whether you're dreaming of building your own home or securing a spacious weekend getaway, this property provides the flexibility to make it your own. While services are not currently connected, they are conveniently located nearby, making future development an attractive option (STCA).
Perfectly positioned within walking distance to Rainbow's shops, cafés and local hotel, you'll enjoy the convenience of town living while being surrounded by some of Victoria's most spectacular natural attractions.
Rainbow also offers excellent medical facilities, and families will appreciate the quality local schooling options, making this an attractive destination for both permanent living and holiday escapes.
Spend your weekends exploring the nearby Big Desert Wilderness Park, renowned for four-wheel driving, bushwalking, birdwatching and camping, or unwind by the picturesque local lake. The world-famous Pink Lake (Lake Tyrrell) is approximately an hour's drive away, offering breathtaking sunsets, incredible photography opportunities and one of Australia's most stunning stargazing destinations.
Dont miss this affordable opportunity to secure a generous parcel of land in the welcoming rural community of Rainbow, where adventure, tranquillity and endless possibilities await.

Property Details for 10 Railway St, Rainbow

Building Type
Land
Land Size
1252m2
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About Rainbow 3424

The size of Rainbow is approximately 890.7 square kilometres. There are 5 parks, covering nearly 8.9% of the total area. The population of Rainbow in 2016 was 683 people. By 2021 the population was 672 showing a population decline of 1.6% in the area during that time. The predominant age group in Rainbow is 60-69 years. Households in Rainbow are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Rainbow work in a managers occupation.In 2021, 81.30% of the homes in Rainbow were owner-occupied compared with 82.20% in 2016.

Rainbow has 605 properties. Over the last 5 years, Houses in Rainbow have seen a 69.29% increase in median value, while Units have seen a 117.67% increase. As at 30 June 2026:

  • The median value for Houses in Rainbow is $193,780 while the median value for Units is $442,071.
  • Units have a median rent of $115.
There are currently 4 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to Cotality's data, 21 properties were sold in the past 12 months in Rainbow.

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Patricia Funcke
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Peter Funcke
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