Suburb Profile Report for Parrearra QLD (4575)

Parrearra House: Median price $610,000, Annual capital growth 2.61%, Number of sales 81, Weekly median advertised rent $530

Parrearra Unit: Median price $450,000, Annual capital growth 2.04%, Number of sales 79, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Parrearra, 4575 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.67%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parrearra has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Parrearra is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 795th in terms of most discounted suburbs in QLD

Parrearra is 469th on a list of best yielding suburbs for rents in QLD with a 4.52% return

Giving property investors a an average capital gain of 3.45% for the last year, Parrearra, 4575 is the 819th highest performer in Australia in this respect.

Parrearra,4575 was ranked 461 in Australia by increase in median property value over the quarter.

Property buyers and investors in Parrearra 4575 should be seeing an average reduction in asking price of around -3.56% . This means that Parrearra is holding prices well when compared to other suburbs in QLD.

In the last year 79 properties changed hands in Parrearra, which puts it as the 123th most active market in QLD when comparing the number of sales per suburb.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.08%, without taking into account capital value appreciation, which has been averaging out at 2.04%.

HOUSE UNIT
$610,000 $450,000
1.41% 2.27%
1.67% 3.45%
2.61% 2.04%
$530 $440
81 79
4.52% 5.08%
77.85 101.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4357
Median household income ($/weekly) 1136
Median age of persons 44
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 488 11.2
    35-44 years 582 13.4
    45-54 years 619 14.2
    55-64 years 622 14.3
    65-74 years 555 12.7
    Others 1491 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 1834 54.7
    Not Married 1160 34.6
    Defacto Relationship 357 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3051 73.7
    Papua New Guinea 324 7.8
    South Africa 54 1.3
    United Kingdom 382 9.2
    Other 117 2.8
    Others 211 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 0.9
    Christianity 2947 73.3
    Hinduism 11 0.3
    Other Religious Groups 18 0.4
    No Religion 995 24.8
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 199 12.7
    $600-$799 174 11.1
    $800-$999 175 11.2
    $1,000-$1,249 146 9.3
    $1,500-$1,999 156 10.0
    Others 713 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1348 38.6
    Employed, worked full-time 1272 36.4
    Employed, worked part-time 647 18.5
    Unemployed, looking for work 126 3.6
    Employed, away from work 100 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 315 15.6
    Professionals 361 17.9
    Technicians & trades workers 262 13.0
    Clerical & administrative workers 317 15.7
    Sales 273 13.5
    Others 489 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 50 5.9
    Infants/Primary 325 38.3
    Secondary 230 27.1
    Technical or Further Educational Institution 67 7.9
    University or other Tertiary Institutions 148 17.4
    Others 29 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2871 69.6
    Flat, unit or apartment 718 17.4
    Semi-detached, row or terrace house, townhouse 537 13.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 586 34.6
    Fully owned 568 33.5
    Being purchased 491 29.0
    Other tenure type 49 2.9
    Tenure Type
Census 2011, ABS
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