QLD/
Parrearra

Suburb Profile

Parrearra - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4575

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 19.2% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $667,500

The augmented property values in the suburb are trailing above the territorial average of 2.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $550.

Home owners selling their properties and realtors in PARREARRA usually have to wait an average of 78.5 days days before their assets are lifted off the market.

The QLD suburb ranks 509th on the list of best yielding suburbs for rental properties in QLD, posting a 4.28% return.

It also places places 505th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $667,500 $482,500
GROWTH REPORT
Median Quarterly -0.37% -2.53%
Median 12 month 7.06% 6.04%
Median 3 years 19.2% 19.14%
Median 5 years 32.84% 17.68%
10 years average annual 3% 3.86%
Weekly media advert. rent $550 $440
Time on Market 78.5 days 95.0 days
Gross Rental Yield Percent 4.28% 4.74%
demographics (median values)
Total Population
3283
Weekly Household Income
1074
Household Size
2.50
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