Question 1

Is Pallarenda a nice place to live?

Accepted Answer

Pallarenda is a small coastal suburb beside Cleveland Bay, with low vegetated headlands, a stretch of sand and an adjoining conservation park that has walking tracks and picnic areas.

The community is older and small, with a population of 778, higher-than-median incomes and many households owning their homes outright, and couples without children are the largest family group. Local life centres on outdoor recreation, with shoreline walks, water access points and parkland close to homes, and council has endorsed works to reinstate taps and drinking fountains at the Rowes Bay/Pallarenda foreshore accessways.

Question 2

Is it expensive to live in Pallarenda?

Accepted Answer

There haven't been enough recent sales or rentals in Pallarenda to publish reliable house or unit prices or rents, so it isn't possible to describe how expensive it is to live here compared with local incomes. For reference, a typical local household earned $2,290 a week at the most recent Census.

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 Pallarenda a good place to invest?

Accepted Answer

The most striking movement in Pallarenda is in the house market: median house values rose a strong 36.3% in the last 12 months. That figure is a measure of capital growth for houses.

There isn't enough recent data here on rents or the unit market to describe how rental income or unit values have moved, so the available numbers give a limited picture beyond house capital growth.

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	N/A	N/A
Change in value Past 12 months	36.3%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	QLD
Median age years	45	38
Median household income weekly	$2,290	$1,675
Couples with children share of families	41.7%	41.2%
Couples without children share of families	47.5%	40.3%
One-parent families share of families	10.8%	16.8%
Homes owned outright share of homes	40.3%	30.1%
Homes with a mortgage share of homes	37.9%	35.6%
Homes rented share of homes	21.8%	34.3%

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