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Pallara, QLD 4110

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Pallara, QLD 4110 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Pallara, QLD 4110”

  1. The total adult population (15 years or older) of Pallara 4110 QLD is 2,856, with a median age of 31. Of those, 61.10% are married, 5.88% are divorced or separated, 31.34% are single and 1.72% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $9,080. The median monthly mortgage repayment for households in this suburb is $2,100 which is 23.13% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the vibrant state of QLD, the suburb of Pallara 4110 is home to a flourishing community comprising approximately 2691 households. As we head into the third quarter of 2023, let’s delve deep into the property market metrics shaping this suburb.

    The typical price for your average house in Pallara presently stands at a considerable $843,133, with a corresponding median weekly rent fixed at $594. Implied here is a promising indicative yield of 3.66%, making Pallara an attractive proposition for cash flow-centered property investors.

    Pallara scores an impressive 1061 out of 1217 on the IRSAD scale. This score reflects a healthy socio-economic status of the local population, indicating a community enjoying good access to economic resources, displaying high income levels and finding employment in skilled professions.

    Meanwhile, Pallara’s renter to owner ratio, which sits at a comfortable 27%, signifies a market by no means oversaturated with rental properties. This results in a diminished risk for property investors and minimal competition for tenants. Moreover, the suburb reports a 0% units to houses ratio, stressing an overall preference for houses over units and thus prolonging tenancy periods.

    However, the aspect where Pallara faces a bit of a challenge is the Affordability Index. With a figure of 36 years, it may take residents longer than the standard 30-year mortgage to completely own their home, indicating decreased housing affordability in the area.

    A glance at the supply metrics shows a 2.18% stock on market Percentage, slightly indicating higher supply. The inventory extends to 8.64 months, further reflecting this trend of a higher supply market. Simultaneously, the building approvals Ratio for houses is 4.16%, suggesting an upcoming increase in new dwelling stock.

    On the other hand, the Demand metrics give us different insights. With an average of 30 Days on Market, houses are swiftly scooped up from the market, revealing high demand. Although the vacancy rate stands at 3.56%, just inching above the ideal range, it still indicates a generally balanced demand. The buy search index for houses at 5 represents that the interest level is at par with the state average.

    Conclusively, while Pallara exhibits a blend of favourable and challenging investment conditions, the suburb appears to sustain a potential path for steady returns. Monitoring market dynamics continuously, along with HtAG Analytics’ RCS, will enable savvy investors to capitalise on opportunities as they unfold in this vibrant property market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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