Parap place to watch

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a fab­u­lous de­ci­sion. “Parap is the num­ber one place to live,” he said.

“There’s good fa­cil­i­ties and shops. I’m a mem­ber of the Sail­ing Club, which is con­ve­niently nearby.

“I have no hes­i­ta­tion in rec­om­mend­ing it to sin­gle peo­ple be­cause it’s se­cure.”

Since 2003 Mr Cuth­bert­son’s unit has had three ten­ants, all who loved liv­ing in the area.

El­ders agent Ross Tsou­nias said prop­er­ties in Parap at­tracted plenty of at­ten­tion.

“Parap is the per­fect lo­ca­tion. It’s be­tween Fan­nie Bay, the city and Lud­milla. It’s close to ev­ery­thing you need,” he said.

“The fu­ture po­ten­tial is im­mense. The ameni­ties peo­ple need are within reach like shops, schools, parks, the ocean and the city. It’s the per­fect life­style.”

Data from realestate.com showed from De­cem­ber 2017 to De­cem­ber 2018, 29 units in Parap were sold at a me­dian price of $360,000.

In com­par­i­son, 17 houses were sold in Parap in the same pe­riod, for a me­dian price of $725,000.

The re­port also showed rental rates for apart­ments in­creased by 2.3 per cent, with a high av­er­age yield of 6.9 per cent.

Mr Tsou­nias said the ameni­ties and land sizes in Parap were the big­gest draw­cards for po­ten­tial buy­ers.

“There’s a huge in­ter­est with schools. Parap is within reach of Dar­win Mid­dle and Dar­win High,” he said,

“A lot of the busi­nesses in the vicin­ity have es­tab­lished names. You can go to the Parap mar­kets, visit Parap Fine Foods, get a cof­fee and there’s your day.

“The area is also very raw; there hasn’t been any de­vel­op­ments. Peo­ple like the green­ery and the block sizes are hard to find in sub­urbs so close to the city.” he said.

Mr Tsou­nias said block sizes ranged from a min­i­mum of 800 sqm to an av­er­age of 1200-1300 sqm.

“The area of­fers growth,” he said.

14/12 Mackil­lop St is one of many prop­er­ties be­ing sold in the pop­u­lar sub­urb of Parap LIFTOUT IN­SIDE

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