Pallara’s real estate market is currently experiencing steady growth, with a 3.2% increase in the median house prices over the past year, bringing it up to $903,000. This consistent upward trend, coupled with a relatively low population of 515, suggests a high demand for properties in this exclusive suburb. The number of interested buyers in the last 12 months (1181) significantly surpasses the number of houses sold (87), which emphasises the competitive nature of the market and the potential for sellers to secure a favourable price. The demographic makeup of Pallara’s residents offer additional insights into the market’s dynamics. With 75% households being owner-occupied, it indicates a stable community with a preference for long-term residency. This stability, combined with the almost even split between single and family households (51% and 49% respectively), suggests a diverse buyer pool, potentially attracting both families seeking spacious homes and individuals looking for a quieter suburban lifestyle.