Parrearra is a suburb in the Sunshine Coast Region, Queensland, Australia.

The suburb is bounded to the west by the Mooloolah River, to the north by Nicklin Way, to the north-east by the Parrearra Canal, to the south-east and south by the Wyuna Canal, making the suburb an island.

The primary purpose of the canals together with the associated locks and weirs is for flood mitigation in the Kawana Waters area, while recreational use of the waterways is a secondary purpose.

[3] The name of the suburb was one of several proposed in 1967 by the Kawana Waters developer, Alfred Grant, drawing on an unattributed reference by Justine Kenyon in her book on Aboriginal words, denoting a length of river.

The nearest secondary school is Kawana Waters State College in Bokarina.