OFF MARKET

321 Ritchie Road
Pallara QLD 4110

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 36m2
Land area: 8954m2
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Property Details for 321 Ritchie Rd, Pallara

Building Type
Land
Year Built
2013
Floor Size
36m2
Land Size
8954m2
Local Government
Brisbane
Lot/Plan
114/RP87803

Last Listing description (September 2024)

321 Ritchie Rd, Pallara

Seize this exceptional chance to own a prime piece of land in the rapidly developing area of Pallara. This sub dividable land, located at 321 Ritchie Rd, Pallara, Land size 8,954 m. Surrounded by new developments, this property offers immense potential for future growth and investment.

Current Structure: A shed house with 3 bedrooms, valued primarily for the land

Rapid Development: Pallara is a hotspot for new residential and commercial developments.
Community Growth.
The area is experiencing significant growth, attracting both families and investors.
Future Potential: Investing now positions you to benefit from the communitys future expansion.

Don't miss out on this rare opportunity !
For inquiries, please contact exclusive agency Amena Tchung @ atrealty on 0438 388 999, amena@atrealty.com.au

Property History for 321 Ritchie Rd, Pallara, QLD 4110

A timeline of how this property has performed in the market
Last Sold
$560,000
04 Nov 2011
  • 25 Jun 2024
    Listed for Sale For Sale
  • 17 Mar 2020
    Listed for Sale $695,000 Negotiable
  • 17 Feb 2012
    Listed for Sale SOLD - Price Withheld
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About Pallara 4110

The size of Pallara is approximately 6.8 square kilometres. It has 4 parks covering nearly 4.7% of total area. The population of Pallara in 2011 was 614 people. By 2016 the population was 511 showing a population decline of 16.8% in the area during that time. The predominant age group in Pallara is 50-59 years. Households in Pallara are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Pallara work in a managers occupation. In 2011, 77.4% of the homes in Pallara were owner-occupied compared with 73.6% in 2016.

Pallara has 3,563 properties. Over the last 5 years, Houses in Pallara have seen a 52.29% increase in median value, while Units have seen a 33.11% increase. As at 31 August 2024:

  • The median value for Houses in Pallara is $939,978 while the median value for Units is $559,699.
  • Houses have a median rent of $660 while Units have a median rent of $365.
There are currently 53 properties listed for sale, and 6 properties listed for rent in Pallara on OnTheHouse. According to CoreLogic's data, 215 properties were sold in the past 12 months in Pallara.

Suburb Insights for Pallara 4110

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.