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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Pallara, the median property price for a house is currently 930,000 with annual capital growth of 1.20 . There were 135 house sales in the past 12 months. On average, houses spend 28 days on market.
If you're thinking about buying an investment property in Pallara, consider that rental yields for houses are currently 3.75 with an average median rent of 680 weekly. Houses have seen 0.54 growth in the past quarter, and 1.20 growth in the past 12 months.
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.
In Pallara, the median property price for a unit is currently 515,000 with annual capital growth of 12.94 . There were 9 unit sales in the past 12 months.
If you're thinking about buying an investment property in Pallara, consider that rental yields for units are currently 5.23 with an average median rent of 570 weekly. Units have seen 3.00 growth in the past quarter, and 12.94 growth in the past 12 months.
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.
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| Key Market Data | House | Unit |
| Median price | 930,000 | 515,000 |
| Quarterly growth | +0.54 | +3.00 |
| 12-month growth | +1.20 | +12.94 |
| Average annual growth | +11.12 | – |
| Weekly median rent | 680 | 570 |
| Gross rental yield | 3.75 | 5.23 |
| Number of Sales (12m) | 135 | 9 |
| Avg. Days on Market (12m) | 28 | – |
| Key Demographics | 2011 | 2016 |
| Total population | 614 | 511 |
| Population change (5y) | -11.65 | -16.80 |
| Median household income (p/w) | 1,257 | 1,267 |
| Household income change (5y) | +4.06 | +0.80 |
| Median age of persons | 42 | 47 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Pallara was 511 in 2016, a -16.80 change compared to 2011.
The predominant age group in Pallara is 50-59 years.
The population of Pallara was 511 in 2016, a -16.80 change compared to 2011.
The predominant age group in Pallara is 50-59 years.
Most of the population in Pallara were born in Australia.
Most of the population in Pallara were born in Australia.
Most of the population in Pallara report their religion as No Religion.
Most of the population in Pallara report their religion as Catholic.
Most of the population in Pallara report their income range as between 78,000 and 130,000 .
The median household income in Pallara was 1,267 in 2016, a +0.80 change compared to 2011.
Most of the population in Pallara report their income range as between 52,000 and 78,000 .
The median household income in Pallara was 1,257 in 2011, a +4.06 change compared to 2006.
Most of the population in Pallara work as Managers.
Most of the population in Pallara work as Professional.
The chart below demonstrates the various levels of education in Pallara.
The chart below demonstrates the various levels of education in Pallara.
Most of the population in Pallara reached a qualification level of Certificate.
Most of the population in Pallara reached a qualification level of Certificate.
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