Parrearra at a glance
4,356
People
$1,600,000
Median sale
$787/wk
Median rent
2.56%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
$1,180,000
For sale
$1,180,000
Last sold
4 July 2022
4
Bedrooms
2
Bathrooms
2
Car spaces
320 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,180,000
4 July 2022 · derived via latest_sale
Local land rate: recorded House sales in Parrearra (last 5 years) with land size have a median of $2,387/m² of land (n=67). Districts calculation from recorded sales — not a valuation.
Parrearra at a glance
4,356
People
$1,600,000
Median sale
$787/wk
Median rent
2.56%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Vs Parrearra
-26.2%
Median sale
Suburb $1,600,000
+0.91 pp
Gross yield
Suburb 2.56%
Suburb median $1,600,000 from 22 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$56,979 on top of the price (4.8% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Parrearra's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $787/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Parrearra at a glance
4,356
People
$1,600,000
Median sale
$787/wk
Median rent
2.56%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Rowling and Co PropertyJust moments from the canal and scenic waterfront walking paths, this beautifully renovated home combines relaxed coastal living with the space, flexibility and convenience of a modern family home. Tucked away in a tightly held, whisper-quiet cul-de-sac, 7 Melos Place offers a wonderful lifestyle in one of Parrearra's most desirable pockets.
Recently transformed throughout, the home is fresh, modern and completely move-in ready, with quality finishes and a thoughtful layout that will appeal to families, downsizers and buyers looking for an easy-care home close to the water.
At the heart of the home is the brand-new kitchen, beautifully finished with sleek cabinetry, quality appliances and excellent connection to the open-plan living and dining areas. Natural light fills the space, while glass doors create an easy flow outdoors to the covered patio and private in-ground pool - a perfect setting for summer afternoons, entertaining with friends or simply relaxing at home.
The flexible floorplan is spread across two levels, giving everyone their own space when needed. Downstairs, a separate lounge and dedicated study provide added versatility, while upstairs the master suite creates a private retreat complete with walk-in robe, ensuite and its own balcony. Two additional bedrooms are well-sized and serviced by the central bathroom.
Outside, the home is designed for easy living. The covered entertaining area overlooks the sparkling pool, creating a private and inviting extension of the living spaces, while the low-maintenance 320m² block means there's more time to enjoy the lifestyle and less time spent looking after it.
Features you'll love:
- Beautifully renovated throughout with modern finishes
- Brand-new kitchen with quality appliances
- Light-filled open plan living and dining
- Multiple living zones for flexibility
- Private in-ground pool with outdoor entertaining area
- Three large bedrooms plus seperate study
- Master retreat with ensuite, walk-in robe & balcony
- Double lock-up garage
- Quiet cul-de-sac location
- Just steps to canal, parks & walking tracks
Set on a low-maintenance 320m² block in one of Parrearra's most desirable pockets, this is a home that truly delivers on lifestyle, location, and presentation.
Listing description written by Kelly Rowling, Rowling and Co Property — reproduced as published, not verified by Districts.