Rainbow Flat vs Red Head
Red Head (median $980,000) is roughly 13% cheaper to buy into than Rainbow Flat ($1,125,000). Over the past year, Red Head (+14%) ran 17.4 percentage points ahead of Rainbow Flat (-3.4%) on house-price growth.
Buying in Rainbow Flat or Red Head?
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Rainbow Flat and Red Head side by side
| Measure | Rainbow Flat | Red Head |
|---|---|---|
| Price and market | ||
| Median house | $1,125,000 | $980,000 |
| Median unit | $237,600 | $237,600 |
| House price change, 12 months | -3.4% | +14.0% |
| Renting | ||
| House rent | $585/wk | $585/wk |
| Unit rent | $418/wk | $418/wk |
| Owner occupied | 90.0% | 81.0% |
| Renter occupied | 7.0% | 14.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 928 | 937 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 0 | 0 |
| Bike score | 0 | 10 |
| Population | 693 | 798 |
| Median age | 51 | 58 |
| Climate | ||
| Annual rainfall | 1131 mm | 1148 mm |
| Mean max, January | 28.2°C | 28.1°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Red Head (937) sits above Rainbow Flat (928).
- For buyers
- Red Head is the lower entry point at $980,000 median, 13% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Red Head carries both higher gross yield (3.10% vs 2.70%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Red Head edges out on average school ICSEA (937 vs 928).
Rainbow Flat vs Red Head: common questions
Is Rainbow Flat or Red Head cheaper to buy in?
Red Head has the lower median house price at $980,000, roughly 13% below Rainbow Flat ($1,125,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Rainbow Flat or Red Head?
Over the past 12 months, Red Head grew +14% vs -3.4% in Rainbow Flat, a gap of 17.4 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Rainbow Flat or Red Head have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Red Head scores 937 vs 928 in Rainbow Flat. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Rainbow Flat or Red Head?
Gross rental yield on houses is 3.10% in Red Head vs 2.70% in Rainbow Flat. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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