Suburb Profile Report for Parrearra QLD (4575)

Parrearra House: Median price $760,000, Annual capital growth 4.14%, Number of sales 78, Weekly median advertised rent $560

Parrearra Unit: Median price $492,500, Annual capital growth 0.42%, Number of sales 58, Weekly median advertised rent $470

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Parrearra, 4575 have given investors a capital gain of 7.42%. This compares very favourably with the 0.14% for QLD as a whole.

The five-year average increase in median property values for Parrearra,4575 has given property investors a potential capital gain of 29.91% across each of those five years.

Property buyers and investors in Parrearra 4575 should be seeing an average reduction in asking price of around -5.90% . This means that Parrearra is holding prices well when compared to other suburbs in QLD.

Advertised rents are around the $560 mark per week – giving a return of 3.83% based on the median price in Suburb

Parrearra has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.48% to date .

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.

The most recent median price for Parrearra is $492500, with sellers offering an average of -4.95% off the asking price.

With the median price for a house in Parrearra being $492500 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.96%

Metrics i HOUSE UNIT
$760,000 $492,500
-1.30% 1.03%
7.42% -2.48%
4.14% 0.42%
$560 $470
78 58
3.83% 4.96%
84.0806451612903 105.685714285714

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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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