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Taringa
AREA REPORTS

Taringa

Taringa - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4068

house
unit

Homeowners and real estate investors betting on TARINGA, 4068 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 24.62%.

A steady increase in median property prices over a five-year period in the suburb translates to a 36.41% capital gain.

Property investors in TARINGA enjoyed capital gains of 24.62% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,174,500.

Profits due to an upward trend in home prices there averaged 12.14% per annum over a 3-year period.

Home owners selling their properties and realtors in TARINGA usually have to wait an average of 49.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $530 mark, reflecting a 2.35% increase in returns based on the current median price in TARINGA.

TARINGA, 4068 places 170th in Australia based on median property value growth during the quarter.

Data report can be found below

Taringa
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,174,500 $426,000
GROWTH REPORT
Median Quarterly 8% 2.65%
Median 12 month 24.62% 5.45%
Median 3 years 36.41% 1.43%
Median 5 years 23.37% -0.93%
10 years average annual 6.34% 0.75%
Weekly media advert. rent $530 $380
Time on Market 49.7 days 45.6 days
Gross Rental Yield Percent 2.35% 4.64%
demographics (median values)*
Total Population
7489
Weekly Household Income
1138
Household Size
2.10
Age
29
Monthly Loan Repayment
1473
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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