Located in Queensland within the Townsville local government area, Pallarenda is a small locality (postcode 4810). With a population of 778, the suburb has a mature demographic with a median age of 45. Households earn a median income of $119K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Pallarenda is $900,000, broadly unchanged over the past year. The median weekly rent is $320 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,733.
The crime rate in the Townsville LGA is higher than average at 10,578 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.8%, which reads as low yield. Property prices are near the state median ($900K/$1.1M). The price-to-income ratio of 7.6x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.