Question 1

Is Pallara a nice place to live?

Accepted Answer

Pallara sits on Brisbane’s southern fringe and keeps a semi-rural character. Larger blocks and modern low-density housing sit alongside remnant bushland and parkland corridors, which gives streets a leafy, open feel. The suburb attracts families and people after a quieter neighbourhood with room around the house while remaining within reach of southern shopping and employment centres.

A suburb of families, Pallara has 3,861 residents, a median age of 31 and a median total household income of $2,283 a week (about $118,700 a year). About three in four homes are owner-occupied and 27.3% are rented. Local parks, sports fields and a small shopping hub cover everyday needs, bus services link to nearby rail and wider networks, and major education and water-infrastructure works are under way, including a new $42.3 million Pallara State School junior campus, stormwater works with a vegetated channel and an access track for a future bikeway, and a district sports park being progressed. Whether that suits you depends on what you’re looking for in a suburb.

Question 2

Is it expensive to live in Pallara?

Accepted Answer

At the suburb's median house price of $1,251,000, buying a house in Pallara works out to about 10.5 times a typical local annual household income at the last Census, which is a high multiple compared with local earnings at that time. Renting a house at about $730 a week would take roughly 32% of a typical local household's weekly income at the last Census, or about a third, which is a sizeable share. On these figures, buying looks the more stretched option against what people locally earned at the last Census, while renting still takes a significant portion of income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Pallara a good place to invest?

Accepted Answer

The clearest movement in Pallara over the past 12 months is on houses: median house values climbed 23.4%, a strong rise in what houses are worth over the year. House rents rose 5.8% in the same period, a solid increase in rental income but notably smaller than the change in values. For someone weighing Pallara up as an investment, the figures show strong capital growth for houses over the year while rental income rose more modestly, and whether that balance fits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.25M	N/A
Change in value Past 12 months	23.4%	N/A
Sold Past 3 months	13	1
Median days on market Past 12 months	26	N/A
Average rent Past 12 months	$730	N/A
Change in rent Past 12 months	5.8%	N/A

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