4/6 Tarawa Street, Parrearra QLD 4575
4/6 Tarawa Street, Parrearra QLD 4575
4 bed, 3 bath, 4 car house | 417 m² | Premium coastal suburb | High-spec finish implied | Water-adjacent lifestyle
This property presents as a rare configuration in Parrearra—four-car accommodation and three bathrooms are not typical for a 417 m² block, suggesting a home designed for serious entertaining or multi-generational living. The price point positions it at the upper end of the local market, which means it competes not on land size but on internal volume, layout efficiency, and contemporary presentation. Buyers who value move-in-ready quality over renovation potential will find this most compelling, particularly those relocating from larger southern markets who prioritise coastal proximity without sacrificing space.
Value may be shaped by how the property’s internal layout translates to daily living—whether the fourth bedroom is genuinely separate or more of a study, and how the three bathrooms are distributed. The four-car garage could add significant utility in a suburb where boat or caravan storage is scarce, but it might also indicate a reduced outdoor living area, which some buyers would weigh heavily. The absence of confirmed build year or renovation history means condition should be verified through inspection; a recently updated interior would justify the premium, while an older shell would narrow the buyer pool. Flood overlay risk exists in parts of Parrearra, so checking the property’s specific planning status is prudent before committing.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/6 Tarawa Street, Parrearra QLD 4575
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Parrearra, on the Sunshine Coast, is a tightly held suburban market anchored by couples in detached houses, many outright owners. Demand comes from professionals and managers, with supply exceptionally tight: 24 available listings against 148 sales in the past year. House prices span $1.35M–$1.54M across sources, with 12-month growth ranging 6.5%–13.6%; units sit around $845K–$860K, growing 6.7%–12.8%. Houses sell in 35–64 days, and vacancy is a low 0.51%. Future growth is supported by ongoing regional infrastructure, but risks are visible: high price points constrain affordability, while house rental yields of roughly 3.3%–3.4% leave the market sensitive to interest rates. Units offer stronger yields, but overall momentum rests on supply staying scarce.
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PropCred Estimated Value
Comparable Sales: 15 Cuba Court sold $2.25M in 2012; 77 Marawa Drive sold $1.35M | Property Price Band: $2.9M–$3.1M | Value Drivers: Internal condition, garage configuration, flood status, outdoor space ratio
Bedrooms
4
Bathroom
3
Parking
4
Land
417m²
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