275 Ritchie Road

Pallara QLD 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 3,562 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.