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Pallarenda is a suburb in City of Townsville, Australia with 791 residents. The median house price is $570K. Our analysis rates Pallarenda with a suburb score of 100/100 for investment timing.
This suburb shows strong investment potential with property prices forecast to outperform the market average over the next 1-3 years. Key indicators including vacancy rates, rental yields, and days on market all signal favorable conditions for capital growth.
100
Suburb Score
Pallarenda has a suburb score of 100/100 for investment timing, placing it among the top-performing suburbs in City of Townsville for capital growth potential. The strong suburb score indicates favorable market conditions including positive price momentum, healthy rental demand, and low vacancy rates. Property investors looking for capital growth in Australia should consider Pallarenda as a priority suburb.
Pallarenda's capital growth outlook is positive based on current market indicators. Key drivers supporting capital growth in Pallarenda include strong buyer demand, limited housing supply, and positive demographic trends. Historical data suggests Pallarenda has outperformed many suburbs in City of Townsville for property value appreciation.
Pallarenda is located within City of Townsville Local Government Area in Australia. City of Townsville encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Pallarenda is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Pallarenda is $570K based on recent sales data. At this price point, Pallarenda offers an affordable entry into the Australia property market, potentially providing higher rental yields and cash flow positive investment opportunities.
Pallarenda has a population of approximately 791 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Pallarenda is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Pallarenda's suburb score of 100/100 can be compared against other suburbs in City of Townsville to identify relative investment value. With a score above 80, Pallarenda ranks among the top suburbs in the local government area for investment timing. This suggests stronger fundamentals compared to many neighboring suburbs. Compare all suburbs in City of Townsville using our platform to find the best investment opportunities.
Suburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
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Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesThorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
