OA Logo Green
search icon

Get a property report and suburb profile for any property in Pallara

Join the 2 million Australians* who use our services every year.

Geo Page

Pallara suburb profile

Pallara is a rapidly developing suburb located in Brisbane's southern region, known for its blend of residential growth and natural surroundings. As a relatively new suburb, Pallara offers modern housing options and spacious living environments, attracting families and individuals seeking a suburban lifestyle with room to grow. The area is characterized by its green spaces and proximity to natural reserves, providing residents with ample opportunities for outdoor activities. With ongoing infrastructure developments and easy access to major roads, Pallara is becoming an increasingly attractive option for those looking to balance suburban tranquility with urban convenience.

Pallara property market performance

Current median dwelling price$821,750Past 3 months

Property growth+21.0%Past 12 months

Pallara’s property market has experienced significant growth over the past 12 months, with house values increasing by 22%, bringing the median house price to $1.205 million. The unit market remains largely inactive, with no change in median unit value and minimal sales activity.

Sales activity for houses has been moderate, with 25 houses sold in the past 12 months. Houses are selling relatively quickly, with a median of 26 days on the market, indicating strong demand in the area. The unit market, however, shows negligible activity with only 2 units sold and no median days on market recorded.

The rental market for houses in Pallara has seen a modest increase, with average rent rising by 4.3% over the last 12 months to $720. The unit rental market remains inactive, reflecting the overall lack of activity in this segment.

HousesUnits
Median price
Past 3 months
$1.25MN/A
Change in value
Past 12 months
22.5%N/A
Sold
Past 3 months
152
Median days on market
Past 12 months
24N/A
Average rent
Past 12 months
$723N/A
Change in rent
Past 12 months
4.8%N/A

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Pallara demographics

Pallara, located in the southern suburbs of Brisbane, is a rapidly growing area known for its family-friendly environment and modern residential developments. With a population of 3,861 and a median age of 31, Pallara is a youthful suburb attracting young families and professionals seeking a suburban lifestyle with easy access to the city. The suburb's proximity to major transport routes and amenities makes it an appealing choice for those looking to balance work and family life.

The community in Pallara is predominantly made up of couple families with children, accounting for 56.5% of the population, highlighting its appeal to families. The suburb also has a significant proportion of couple families without children, making up 32.6% of households, indicating a diverse demographic mix. The presence of one-parent families and other family types adds to the suburb's inclusive and varied community fabric.

Housing in Pallara is characterized by a high rate of homeownership, with 61.1% of properties owned with a mortgage, reflecting the suburb's appeal to new homeowners and those looking to invest in property. Additionally, 11.6% of homes are owned outright, while 27.3% are rented, offering a range of housing options to suit different needs. The median total household income of $2,283 per week suggests a relatively affluent community, supported by the suburb's modern infrastructure and amenities.

Suburbs near Pallara

Some popular suburbs near Pallara include:

  • Doolandella: Known for its peaceful residential atmosphere and growing community, Doolandella is located to the north of Pallara.
  • Willawong: Characterized by its semi-rural charm and industrial areas, Willawong is situated directly east of Pallara.
  • Algester: Offering a family-friendly environment with numerous parks, Algester lies to the southeast of Pallara.
  • Heathwood: Known for its modern residential developments and green spaces, Heathwood is located to the southwest of Pallara.
  • Forest Lake: Featuring a large lake and well-established community amenities, Forest Lake is situated to the west of Pallara.

How does Pallara compare to nearby suburbs?

  • Median house prices: Pallara’s median house price is 25.1% higher than Doolandella’s.
  • Median unit prices: Pallara’s median unit price is 12.2% higher than Doolandella’s.
  • House price growth: Over the past 12 months, house prices in Pallara have grown 3.1% higher than in Algester.
  • Unit price growth: Over the past 12 months, unit prices in Pallara have grown 9.4% higher than in Algester.
  • Selling speed for houses: Properties in nearby Doolandella are selling 16.7% faster than in Pallara.
  • House price growth: Over the past 12 months, house prices in Pallara have grown 4.4% lower than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Pallara have grown 11.9% lower than the average rate of growth for units across Brisbane.

Choose the right real estate agents in Pallara

Currently, there are 54 real estate agents working in Pallara—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 54 agents sold 53.5% of all properties in Pallara over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Pallara typically charge a commission of 2.44% to 3.04%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

Geo Page

Get a head start and compare top local agents in Pallara

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron