Paraparap Suburb ProfileVictoria 3240
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Paraparap has 92 properties. Over the last 5 years, Houses in Paraparap have seen a 114.14% increase in median value, while Units have seen a -11.71% decrease. As at 31 October 2024:
- The median value for Houses in Paraparap is $3,139,287 while the median value for Units is $542,400.
The size of Paraparap is approximately 37.1 square kilometres. It has 1 park covering nearly 3.6% of total area. The population of Paraparap in 2011 was 272 people. By 2016 the population was 157 showing a population decline of 42.3% in the area during that time. The predominant age group in Paraparap is 60-69 years. Households in Paraparap are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Paraparap work in a professional occupation. In 2011, 85.7% of the homes in Paraparap were owner-occupied compared with 93.5% in 2016..
Market Insights
Paraparap Trends for Houses
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Paraparap Trends for Units
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Neighbourhood Insights
Age
Population 157
0-9
13%
10-19
18%
20-29
7%
30-39
11%
40-49
13%
50-59
19%
60-69
20%
80-89
4%
Household Structure
Occupancy
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Last Updated: 21/11/2024
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