Suburb Profile Report for Parrearra QLD (4575)

Parrearra House: Median price $628,500, Annual capital growth 3.52%, Number of sales 80, Weekly median advertised rent $543

Parrearra Unit: Median price $460,000, Annual capital growth 2.67%, 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

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.

HOUSE UNIT
$628,500 $460,000
1.37% 2.22%
6.53% 5.75%
3.52% 2.67%
$543 $440
80 75
4.49% 4.97%
73.46 99.03

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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