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Parrearra, QLD 4575
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,520,000
market range $1.4M-$1.7M
Median Unit
$900,000
market range $825K-$1.1M
Gross Yield
-
1yr Growth (houses)
+10.9%
market range +7.5% to +15.0%
Investment snapshot for Parrearra
Parrearra has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parrearra market and investor summary
Parrearra (QLD 4575) runs a median house price of $1.5M. House prices have moved +10.9% over the past year and +6.7% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Parrearra: people, income and schools
Parrearra has a resident population of roughly 4,661, and the area has been growing steadily, up about 10% over five years. The median age is 52, an older, established demographic, and families account for 69% of households.
Households here earn a median of about $76,000 a year, or roughly $1,470 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 a steep 19.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
There are 8 schools within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 21 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 4,661
- +10% over 5yr
- Median age
- 52 years
- Median household income
- $76,000/yr
- Households renting
- 25%
- Family households
- 69%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 8
- avg ICSEA 1056
- Unemployment
- 2.6%
- Walk score
- 21/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parrearra
View all →Frequently asked questions about Parrearra
What should I check before investing in Parrearra?
Parrearra has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +10.9% in the past year shows strong recent price momentum. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Parrearra?
The median property price in Parrearra, QLD 4575 is $1.5M for houses and $900K for units.
What does recent house price growth show for Parrearra?
House prices in Parrearra are up 10.9% over the past year and up 6.7% 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 Parrearra?
The current vacancy rate in Parrearra is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Parrearra?
Parrearra has a population of approximately 4,661 residents, with a median age of 52.
What schools are near Parrearra?
There are 8 schools within roughly 5km of Parrearra. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Parrearra affordable to buy in?
A median house in Parrearra costs about 19.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Parrearra's population growing?
The population of Parrearra has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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