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Pallara

POSTAL CODE: QLD, 4110
HOUSE

Based on its average 5-year and quarterly capital gains PALLARA, 4110 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PALLARA, 4110 obtained a 16.53% growth over a ten-year period. It ranks 3739th on our list of suburbs that property investors should look into.

PALLARA, 4110 in QLD belongs to the local government area of Brisbane.

PALLARA, 4110 has a capital gain of 7.98% for the past year, which is lower than average compared to its 82.39% growth within a five-year period.

With the median home price in PALLARA sitting at $1,015,000, and the average rent at $700, property owners could potentially earn a 3.59% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PALLARA are low, as opposed to average gains per annum over the past five years.

Surburb overview

Pallara is an outer southern suburb of Brisbane, Queensland, Australia. It is approximately 24.3 kilometres by road south of the Brisbane Central Business District (CBD). 

According to the 2021 census, Pallara had 3,861 residents, a significant increase from the 511 residents in 2016. 

Pallara State School, located at 39 Ritchie Road, is a government primary school (Prep-6) serving the suburb. 2018, the school had 500 students, which increased to 866 students by August 2021. There are no secondary schools within Pallara; the nearest government secondary schools are Forest Lake State High School in Forest Lake, Glenala State High School in Durack, and Calamvale Community College in Calamvale. 

Pallara offers several parks and recreational areas, including Blunder Creek Reserve, Brookbent Road Park, Paradise Road Park, and Sweets Road Park, providing residents with green spaces for leisure activities. 

As of recent reports, the median property price for a house in Pallara is approximately $930,000, with an annual capital growth of 1.81%. Rental yields for houses are around 3.76%, with a median rent of $680 per week. 

Pallara's rapid development, proximity to Brisbane's CBD, and expanding amenities contribute to its appeal as a growing residential suburb. The area's recent growth in population and infrastructure reflects its increasing popularity among families and individuals seeking a suburban lifestyle within reach of the city.

 

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