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.
Median Weekly Rent | $475.27 |
Median Monthly Mortgage | $1710.18 |
Median Persons Per Bedroom | 0.75 |
Average Household Size | 2.27 |
Average Age | 57.09 |
Average Income | $732.27 |
Average Cars Per Dwelling | 1.64 |
Average Properties Within 50M | 31 |
1 Bed  $1,322,000 |
2 Bed  $920,000 |
3 Bed  $1,061,000 |
4 Bed  $1,468,000 |
5 Bed  $1,888,000 |
6 Bed+$1,837,000 |
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.
16 corella dr, parrearra, qld, 4575 | 4 | 2 | 3 | 3000000 | |
unit 34, leeward kawana island, 1 grenada way, parrearra, qld, 4575 | 3 | 2 | 2 | 1000000 |
Brightwater State School
Buddina State School
Mountain Creek State School
Mountain Creek State High School
Kawana Waters State College
(While the above schools are located with the suburb of Parrearra there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 6.2 | 21.1 | 29.4 | 58.4 | 89.7 | 4.9 | 23.8 |
Feb | 8.9 | 21.4 | 29.4 | 61.1 | 92 | 5.3 | 20.8 |
Mar | 6.9 | 20.8 | 28.8 | 60.1 | 92.2 | 4.9 | 18.1 |
Apr | 4.7 | 17.2 | 26.4 | 55.9 | 92.2 | 4.6 | 16.4 |
May | 3.9 | 13.4 | 23.8 | 52.8 | 93.6 | 3.9 | 14.3 |
Jun | 3.8 | 11.6 | 21.8 | 53.8 | 93.3 | 4 | 12.3 |
Jul | 1.8 | 10.0 | 21.8 | 47.8 | 94.2 | 3.7 | 13.3 |
Aug | 1.4 | 10.0 | 22.9 | 44.6 | 93.3 | 4.0 | 16.5 |
Sept | 1.7 | 12.4 | 24.2 | 48.7 | 92.0 | 4.5 | 19.6 |
Oct | 3.6 | 15.6 | 26.0 | 52.2 | 92.0 | 4.8 | 23.2 |
Nov | 1.8 | 18.1 | 27.9 | 55.1 | 90.7 | 4.9 | 25.6 |
Dec | 4.0 | 19.9 | 29.2 | 54.8 | 90.1 | 4.9 | 26.7 |
source: Australian Government Bureau of Meteorology
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