Parrearra is a compact suburb in Queensland within the Sunshine Coast local government area (postcode 4575). It is home to about 4,661 residents, with an older-leaning population and a median age of 52. Households earn a median income of $76K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.0% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Parrearra is $1.4 million, having jumped by 10.9% over the past year. Units have a median price of $790,000 (+26.4% YoY). The current median weekly rent is $780. 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 3,661 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.9% (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. Population growth of +2.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.