Looking to Buy Your Next Home in Pallara? Here’s What You Need to Know.
Are you looking at making your new home in Pallara? Book that pre-purchase building and pest inspection before you make any purchases!
Pallara has undergone a rapid change from an old farming suburb to newly residential. Close to major transport links and local employment hubs, Pallara is fast becoming everything new residents need it to be – and other buyers will catch on quickly.
Make sure that your new dream home is exactly what you’re looking for. Choose a professional building inspector with excellent knowledge of the local area. They can help identify any issues your prospective home has faced in the past and may face in the future.
Why live in Pallara?
Pallara is an outer southern suburb of Brisbane, some 24 kilometres from the CBD. It’s a quiet, peaceful suburb on what was once farming country. Properties here typically lie on large blocks of land.
Surrounded by the established suburbs of Parkinson, Calamvale, and Heathwood, Pallara is close to the Forest Lake Shopping Centre and is home to the Pallara State School. The nearest secondary school is Forest Lake State High School. There are several bus routes connecting Pallara to the city regularly, making commuting to the CBD easy.
Due to a recent zoning change and development of land in new residential estates, you can now buy affordable four-bedroom homes in Pallara. With so much change happening, the lifestyle enjoyed by Pallara residents has dramatically improved. And with a current property vacancy rate of 1.69%, it seems buyers are aware of this, too. There’s so much potential in this quiet, semi-rural south Brisbane suburb.
Why Pallara is a good investment
Compared to other suburbs with large property blocks on the south side, Pallara is relatively affordable, with the median property price for a three-bedroom house currently at $860,000, and with an annual capital growth of 47%. If you’re thinking about buying an investment property, the rental yields are currently 3.43%, with an average median rent of $550 weekly.
Book your Pallara pre-purchase property inspection with Action Property Inspections today!
Pallara is a suburb with so much potential, you’ll want to get in before everyone in the city discovers the secret. If you’re in the market for a new home in a peaceful suburb, make sure you don’t delay – book your pre-purchase property inspection with Action Property Inspections now!