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Parramatta Park suburb profile

Parramatta Park is an inner suburb of Cairns with an established residential character, defined by tree-lined streets of classic timber Queenslanders and low-set homes alongside pockets of newer apartment blocks. The suburb attracts long-term locals, young families and professionals who appreciate being within easy reach of central Cairns' shops, cafés and the waterfront while still living in a quieter neighbourhood. Small parks and local shops serve day-to-day needs and regular bus routes run along the main roads, so getting around is straightforward. Parramatta Park keeps a relaxed tropical feel, with mature trees and a domestic scale that sits beside the city's busier precincts.

Parramatta Park property market performance

Current median dwelling price$547,750Past 3 months

Property growth+8.2%Past 12 months

Houses don't come up for sale often in Parramatta Park, so there isn't enough recent data to publish a reliable median house price. The median unit price is $398,000 and unit values have risen sharply, up 11.6% over the last 12 months. House values rose a modest 4.7% over the same period, so unit values grew more strongly.

Over the last 3 months one house and 21 units changed hands. Over the last 12 months houses sold in a median of 23 days and units in 15 days, so units sold more quickly.

The rental market in Parramatta Park had average house rents of $560 a week, up a slight 1.8% over the last 12 months. Average unit rents were $485 a week, up a solid 7.8% over the same period, so unit rents increased faster.

HousesUnits
Median price
Past 3 months
N/A$398K
Change in value
Past 12 months
4.7%11.6%
Sold
Past 3 months
121
Median days on market
Past 12 months
2315
Average rent
Past 12 months
$560$485
Change in rent
Past 12 months
1.8%7.8%

5 year median price trend for houses and units

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Parramatta Park demographics

This community is home to 3,621 people with a median age of 33 and a median household income of $1,211 a week, or about $62,972 a year.

Families are varied in their makeup. Nearly half of families are couple families without children (45.4%), while couple families with children make up 24.2% and one-parent families account for 28.5%. Other families represent 2.0% of the family mix.

Homes in Parramatta Park are predominantly rented: renters make up 65.2% of dwellings, or about two in three homes. Owner-occupied properties total 34.8%, split between 14.4% owned outright and 20.4% owned with a mortgage.

Suburbs near Parramatta Park

Some popular suburbs near Parramatta Park include:

  • Cairns City: the CBD centred around the Esplanade and waterfront attractions.
  • Bungalow: older residential neighbourhood with tree-lined streets and local parks.
  • Westcourt: established suburb with broad residential streets and local green reserves.
  • Cairns North: coastal suburb beside Trinity Inlet, with foreshore parks and paths.
  • Manunda: mainly residential area known for mature trees and quiet streets.

How does Parramatta Park compare to nearby suburbs?

  • Median house prices: Parramatta Park’s median house price is 2.6% lower than Cairns North’s.
  • Median unit prices: Parramatta Park’s median unit price is 7.6% higher than Manunda’s.
  • House price growth: Property prices in nearby Bungalow have risen 22.8% more than in Parramatta Park over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Parramatta Park have grown 11.2% higher than in Cairns City.
  • Selling speed for houses: Properties in Parramatta Park are selling 8.0% faster than in Bungalow.
  • Selling speed for units: Properties in Parramatta Park are selling 48.3% faster than in Cairns City.

Choose the right real estate agents in Parramatta Park

In Parramatta Park ,45 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 35.8% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.5% and 3.13%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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