3/5 Grand Parade

Parrearra QLD 4575

The size of Parrearra is approximately 2.5 square kilometres. It has 14 parks covering nearly 15.9% of total area. The population of Parrearra in 2011 was 4,357 people. By 2016 the population was 4,457 showing a population growth of 2.3% in the area during that time. The predominant age group in Parrearra is 60-69 years. Households in Parrearra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parrearra work in a professional occupation. In 2011, 61.3% of the homes in Parrearra were owner-occupied compared with 63.1% in 2016.

Parrearra has 2,321 properties. Over the last 5 years, Houses in Parrearra have seen a 91.23% increase in median value, while Units have seen a 83.33% increase. As at 31 August 2024:

• The median value for Houses in Parrearra is $1,439,137 while the median value for Units is $847,927.
• Houses have a median rent of $790 while Units have a median rent of $650.