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

Parrearra is a canal-side suburb on the Sunshine Coast where waterways and foreshore reserves shape the street pattern. It mixes waterfront homes with quieter inland streets, so residents often have private jetties, riverside walks and small local parks rather than busy commercial strips. Housing is mainly low-rise and residential; the community of 4,661 has a median age of 52 and is weighted towards couple families, with most homes owner-occupied. That makes it a suburb that appeals to people after a relaxed coastal lifestyle with relatively easy access to nearby beaches, shopping and health precincts.

Parrearra sits within the Kawana Waters master planned area, with lake management measures and a community development strategy that outline local facility needs. Transport planning includes a proposed new link to Meridan Plains to improve access to Birtinya and the Sunshine Coast University Hospital, and council capital works list local upgrades such as an extended dog off-leash area, a playground renewal and refurbishment of the Kawana Island meeting space. Whether it suits you will depend on the kind of waterside, mostly owner-occupied suburb you’re looking for.

At the current median of $1,602,500, a house in Parrearra works out to about 21.0 times a typical local household's annual income at the last Census, which places buying well above what households earned then. Renting is also stretched against that income: a house rent of $950 a week is about 64.8% of a typical local household's weekly income at the last Census, and a unit at $730 a week is about 49.8% of that income.

If you're renting rather than buying, those rent shares are the most relevant figures to consider — whether they feel expensive depends on your own income and circumstances.

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

The largest movement in Parrearra over the past year was in unit values, which rose 11.8%, a strong increase. House values also climbed, up 6.7% over the 12 months, a solid gain. Rents moved more modestly than values, with house rents increasing 5.6% and unit rents increasing 5.8% over the same period, both solid rises.

For someone focused on capital growth, the unit value change is the most relevant figure. If rental income is your priority, the rent figures are the ones to consider. Whether that balance fits your goals depends on your own priorities and circumstances.

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.