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Paraparap
VIC, 3240 - Surf Coast

Thinking about buying in Paraparap? Now could not be a better time, with just 96 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,391,000 with prices in this suburb ranging from $1,299,000 to $8,328,000. Paraparap is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $367.00
Median Monthly Mortgage $2167.00
Median Persons Per Bedroom 0.80
Average Household Size 3.00
Average Age 41.50
Average Income $1003.50
Average Cars Per Dwelling 2.54
Average Properties Within 50M 1

Housing Stock

Average Property Prices

3 Bed  $1,413,000
4 Bed  $2,638,000
5 Bed  $2,749,000

Paraparap Real Estate Market Outlook

In Paraparap there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Paraparap are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Paraparap provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Paraparap to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Paraparap the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Paraparap

One Agency 250 FLAXBOURNES RD, PARAPARAP, VIC, 3240 Beds5 Bathrooms1 Parking 2 $1,950,000 - $2,100,000

Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Paraparap there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Paraparap weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.514.324.250.689.84.724.5
Feb1.014.923.455.389.84.419.6
Mar1.414.022.153.789.74.315.1
Apr1.311.819.655.991.14.211.4
May2.29.816.460.791.64.78.4
Jun2.18.014.166.492.74.77.1
Jul2.47.313.564.291.85.27.5
Aug2.07.314.459.291.65.210.1
Sept1.98.416.753.290.65.014.3
Oct1.99.718.952.090.34.719.2
Nov1.811.320.752.390.84.622.1
Dec1.412.422.352.290.34.525.1

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

MoriacModewarreBellbraeFreshwater CreekGherangMount MoriacAngleseaBells BeachJan JucWurdiboluc

Public Transport


General Points of Interest

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