Parrearra is a smaller suburb in Queensland within the Sunshine Coast local government area (postcode 4575). With a population of 4,661, the suburb has a mature demographic with a median age of 52. Households earn a median income of $76K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Parrearra is $1.4 million, having surged 10.9% over the past year. Units have a median price of $790,000 (+26.4% YoY). The current median weekly rent is $785. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,000.
Public transport access includes 12 bus stops. The crime rate in the Sunshine Coast LGA is below average at 3,765 incidents per 100,000 population.
From an investment perspective, Parrearra offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 18.6x is considered stretched. House prices have moved +10.9% year-on-year.
Parrearra is a smaller suburb in Queensland within the Sunshine Coast local government area (postcode 4575). With a population of 4,661, the suburb has a mature demographic with a median age of 52. Households earn a median income of $76K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Parrearra is $1.4 million, having surged 10.9% over the past year. Units have a median price of $790,000 (+26.4% YoY). The current median weekly rent is $785. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,000.
Public transport access includes 12 bus stops. The crime rate in the Sunshine Coast LGA is below average at 3,765 incidents per 100,000 population.
From an investment perspective, Parrearra offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 18.6x is considered stretched. House prices have moved +10.9% year-on-year.