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Pallarenda, QLD 4810

Home » QLD Real Estate Data » Townsville City, QLD » Pallarenda, QLD 4810

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 Pallarenda, QLD 4810 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 

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Yield 

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Buy 

1BR

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Rent 

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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 “Pallarenda, QLD 4810”

  1. The total adult population (15 years or older) of Pallarenda 4810 QLD is 628, with a median age of 45. Of those, 57.32% are married, 10.83% are divorced or separated, 27.87% are single and 3.34% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $10,712. The median monthly mortgage repayment for households in this suburb is $1,733 which is 16.18% of their earnings.

    Source: ABS Census Data (2021)

  2. PALLARENDA 4810 is positioned in the colourful state of Queensland, comprising approximately 368 households. This snug suburb gives off a quaint charm all the while thriving in earnest in the property market. As we examine the Q3 2023 statistics, typical house prices in PALLARENDA 4810 stand firmly at $563,808 with a median weekly rent of $549. This returns an indicative yield of an impressive 5.06%, an alluring figure for cash-flow centred property investors.

    Aside from its appealing yield, the area also possesses a robust socio-economic score. With an IRSAD rating of 1073 out of a maximum 1217, investors can anticipate a community steeped in higher income levels, considerable access to economic resources, and the presence of skilled professionals.

    Further adding to its investment appeal, PALLARENDA 4810 carries a healthy renter to owner ratio of 22%. This is a significant marker for potential investors as it avoids the risk associated with oversaturation of rental properties, while maintaining a positive investment vibe.

    Complementing this equilibrium, the area’s unit to house ratio is an inviting 2%. This underpins a demand emphasis towards family-oriented tenancies, lessening competitiveness among landlords and helping uphold higher rental yields.

    Affordability is also a remarkable feature to highlight here, as evidenced by a 21 years affordability index. It underscores a trend towards quicker property ownership and infers potential for a healthier local economy and consistent property market growth.

    An inventory level of 0.92 months and stock on market percentage of 0.29% denote a highly absorbent market with low supply, adding to the attractiveness of the area for property investors. Additionally, the building approvals ratio stands at 0% signifying limited increased supply in near future.

    Buyers show considerable interest in the area as demonstrated by a buy search index of 5, which is at the state average. Though the days on market for houses is somewhat high at 129 and the combined vacancy rate of houses and units is at 3.75% indicating slightly lower demand, the overall fundamentals of PALLARENDA 4810 show a strong property market performance making it worth considering for any property investor or buyers’ agent.

    Remember, the RCS (Relative Composite Score) developed by HtAG Analytics, which integrates over 80 metrics, automates the above research providing a comprehensive investment picture of the suburb.

    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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