Parrearra, 4575 ranked 235th in QLD when comparing growth in median property values or capital gain over the last 12 months. Parrearra is one of 2415 in our list for QLD
The five-year average increase in median property values for Parrearra,4575 has given property investors a potential capital gain of 9.54% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.29% offered to property buyers. Sellers in Parrearra itself are offering an average vendor discount of -4.34% to real estate investors.
Parrearra is 470th on a list of best yielding suburbs for rents in QLD with a 4.49% return
Property value increases in Parrearra have tracked just higher than the QLD average of 1.12% over the last 12 months.
If we look at median property appreciation over just the last three months, Parrearra has given property investors a paper return of 2.22%. This puts Suburb as 77 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Parrearra is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 271th in terms of most discounted suburbs in QLD
Property investors should expect to get $440 weekly from the median priced house in this suburb.