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Pallarenda, QLD 4810
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$920,000
market range $875K-$950K
Median Unit
$390,000
Gross Yield (houses)
4.1%
1yr Growth (houses)
+11.7%
market range +5.0% to +37.5%
Investment snapshot for Pallarenda
Pallarenda has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pallarenda market and investor summary
Pallarenda (QLD 4810) runs a median house price of $920K, with houses yielding a gross 4.1%. House prices have moved +11.7% over the past year and +47.2% over three years. At 2.6% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet.
Living in Pallarenda: people, income and schools
Pallarenda is home to around 778 people, a number that has held fairly steady over five years. The median age is 45, skewed a little older, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $119,000 a year, or roughly $2,290 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Getting around leans on public transport or a car; the suburb scores 11 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 778
- +3% over 5yr
- Median age
- 45 years
- Median household income
- $119,000/yr
- Households renting
- 22%
- Family households
- 76%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 6.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Pallarenda
View all →Frequently asked questions about Pallarenda
What should I check before investing in Pallarenda?
Pallarenda has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.6%, before expenses, tax and loan costs. Capital growth of +11.7% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Pallarenda?
The median property price in Pallarenda, QLD 4810 is $920K for houses and $390K for units.
What rental yield does Pallarenda show?
The gross rental yield in Pallarenda is 4.1% for houses and 7.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Pallarenda?
House prices in Pallarenda are up 11.7% over the past year and up 47.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Pallarenda?
The current vacancy rate in Pallarenda is 2.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Pallarenda?
Pallarenda has a population of approximately 778 residents, with a median age of 45.
Is Pallarenda affordable to buy in?
A median house in Pallarenda costs about 7.7 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Pallarenda's population growing?
The population of Pallarenda has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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