Pallara is a smaller suburb in Queensland within the Brisbane local government area (postcode 4110). With a population of 3,861, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $119K per year, with an average household size of 3.1 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Indian, English, Australian.
The median house price in Pallara is $920,000, having grown strongly 5.1% over the past year. Units have a median price of $520,000 (+2.4% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,100.
Pallara is served by 1 school, including 1 primary. The average ICSEA score is 1062, which is above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Pallara offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($920K/$1.1M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +5.1% year-on-year.
Pallara is a smaller suburb in Queensland within the Brisbane local government area (postcode 4110). With a population of 3,861, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $119K per year, with an average household size of 3.1 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Indian, English, Australian.
The median house price in Pallara is $920,000, having grown strongly 5.1% over the past year. Units have a median price of $520,000 (+2.4% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,100.
Pallara is served by 1 school, including 1 primary. The average ICSEA score is 1062, which is above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Pallara offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($920K/$1.1M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +5.1% year-on-year.