18 Spectrum Street, Rainbow Beach

Frasers on Rainbow has been rated the best hostel in Rainbow Beach by the travel guide Bug Australia.  It's close to the shops and beach, but is self-contained for internet (Global Gossip computers), bar and restaurant. 

There's a pool near the bar so you can really relax.  Comfortable and clean rooms shouldn't disapoint. 

There are weekly theme nights and bar promotions also for those ho are looking for a good time.