All About Parrearra, Sunshine Coast, QLD, 4575

Parrearra, located on the Sunshine Coast in Queensland, presents a dynamic and increasingly appealing housing market, characterized by its coastal charm and suburban tranquility. The area has seen a steady rise in property values, driven by its desirable location and the growing demand for coastal living. Parrearra offers a mix of housing options, from modern apartments to spacious family homes, catering to a diverse demographic that includes young professionals, families, and retirees. With its proximity to the beach and a variety of local amenities, including shopping centers, schools, and recreational facilities, the suburb attracts both investors and individuals seeking a balanced lifestyle. As part of the broader Sunshine Coast property market, Parrearra benefits from the region's economic growth and infrastructural developments, enhancing its long-term investment potential and making it a sought-after location for potential homeowners.

Living in Parrearra offers a unique blend of leisure and convenience. Residents enjoy a laid-back lifestyle with easy access to beautiful beaches and outdoor spaces, such as the nearby Kawana Waters with its scenic waterways and recreational pathways. The community is known for being friendly and welcoming, fostering a sense of belonging among its inhabitants. Parrearra also benefits from its strategic location, being just a short drive from the bustling hubs of Maroochydore and Mooloolaba, providing access to a range of dining, entertainment, and employment opportunities while maintaining a quieter, more relaxed residential atmosphere. The suburb's infrastructure supports a comfortable lifestyle, with healthcare facilities, educational institutions, and public transport within reach. Overall, Parrearra is an attractive option for those seeking a coastal lifestyle without sacrificing the conveniences of urban living.

Parrearra Real Estate Market Outlook

Thinking about buying in Parrearra? Now could not be a better time, with 2700 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,188,000 with prices in this suburb ranging from $322,000 to $6,069,000. Parrearra is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Low average incomes in Parrearra is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Parrearra provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Parrearra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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General Points of Interest

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