Suburb Profile Report for Parrearra QLD (4575)

Parrearra House: Median price $628,500, Annual capital growth 3.14%, Number of sales 74, Weekly median advertised rent $535

Parrearra Unit: Median price $447,100, Annual capital growth 2.54%, Number of sales 75, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 1.88% which means that Parrearra, 4575 has done well for property investors by showing a capital gain of 5.19% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Parrearra comes in at number 274th in QLD.

Vendor discounting in Parrearra is giving property investors an average Vendor Discount of around -3.56%. This puts suburb at number 794th in QLD when ranking the most discounted suburbs.

At number 1104 in a list of fastest selling suburbs, Parrearra is in the TOP 30% of suburbs in Australia with an average of days on market 65.25 for properties listed there.

Parrearra, 4575’s gross rental yield is 4.43%

Parrearra has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.78% to date .

Parrearra,4575 was ranked 1123 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Parrearra should be aiming for at least -3.60% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $5280 per annum or $440 every week.

HOUSE UNIT
$628,500 $447,100
3.03% -0.64%
5.19% 2.78%
3.14% 2.54%
$535 $440
74 75
4.43% 5.12%
65.25 104.75

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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Recent sales & rentals