5/29 Parap Road

Parap NT 0820

The size of Parap is approximately 1.1 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of Parap in 2011 was 1,975 people. By 2016 the population was 2,759 showing a population growth of 39.7% in the area during that time. The predominant age group in Parap is 30-39 years. Households in Parap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parap work in a professional occupation. In 2011, 45.6% of the homes in Parap were owner-occupied compared with 34.1% in 2016.

Parap has 1,843 properties. Over the last 5 years, Houses in Parap have seen a 31.52% increase in median value, while Units have seen a 32.69% increase. As at 31 July 2024:

• The median value for Houses in Parap is $820,592 while the median value for Units is $348,461.
• Houses have a median rent of $780 while Units have a median rent of $580.