1/5 Grand Pde, Parrearra is a 4 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2007. The property has a land size of 167m2. While the property is not currently for sale or for rent, it was last sold in January 2011.
WATERFRONT APARTMENTS AT ITS BEST LIVE IN A RESIDENTIAL BUILDING BUT IN A RESORT LIFE STYLE.
OCEAN REACH IS A NEW LUXURY DEVELOPMENT DESIGNED TO TAKE THE FULL ADVANTAGE OF ITS SUPERB WATERFRONT LOCATION, HUGGING THE BANKS OF THE PARREARRA CHANNEL, NESTLED BETWEEN THE MOOLOOLAH RIVER AND PARKLANDS EVER SIDE THERE ARE NO NEIGHBOURS AT YOUR DOOR STEP.
THE DESIGN OF OCEAN REACH IS ALL ABOUT RELAXING A RESIDENTIAL BUILDING WITH A RESORT LIFE STYLE. WE HAVE TAKEN TIME ASIDE AND DESIGNED ALL THE GARDENS TO BE A SUB TROPICAL THEME FROM 11,000 PLANTS AND TREES, ROCK FEATURES, WOODEN SUN DECKS, FOOT BRIDGES AND WATER PONDS EVEN GAZEBOS.
The size of Parrearra is approximately 2.5 square kilometres. It has 14 parks covering nearly 15.9% of total area. The population of Parrearra in 2016 was 4468 people. By 2021 the population was 4661 showing a population growth of 4.3% in the area during that time. The predominant age group in Parrearra is 70-79 years. Households in Parrearra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parrearra work in a professional occupation.In 2021, 68.90% of the homes in Parrearra were owner-occupied compared with 63.10% in 2016.
Parrearra has 2,300 properties. Over the last 5 years, Houses in Parrearra have seen a 87.36% increase in median value, while Units have seen a 88.56% increase. As at 31 December 2025:
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