Taringa

POSTAL CODE: QLD, 4068
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A steady increase in median property prices over a five-year period in the suburb translates to a 16.38% capital gain.

Property investors in TARINGA enjoyed capital gains of 5.47% 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 $1,687,500.

Profits due to an upward trend in home prices there averaged 5.46% per annum over a 3-year period.

Home owners selling their properties and realtors in TARINGA usually have to wait an average of 61.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $675 mark, reflecting a 2.08% increase in returns based on the current median price in TARINGA.

TARINGA, 4068 places 633rd in Australia based on median property value growth during the quarter.

Surburb overview

Taringa, QLD 4068, is a leafy suburb located approximately 6 kilometres southwest of Brisbane’s central business district (CBD). As of the 2021 Census, it had a population of roughly 8,732 people. The area is known for its hilly terrain, offering scenic city views and a mix of heritage homes and modern apartments.

The suburb has a diverse demographic, with a predominant age group of 20-29 years. Taringa is particularly popular among professionals, students, and young families due to its proximity to the University of Queensland, just one suburb away, and easy access to the Brisbane CBD. Most residents are professionals, and the median household income is around $1,601 weekly.

Taringa is well-connected by public transport, featuring its train station on the Ipswich, Rosewood, and Springfield railway lines. The suburb also has frequent bus services and easy access to the major arterial road, Moggill Road. Commuting to surrounding suburbs such as Indooroopilly, St Lucia, and Toowong is convenient.

Housing in Taringa includes a mix of older Queenslanders, contemporary apartments, and medium-rise units, catering to a range of buyers and renters. The median house rent is $700 per week, while units rent for around $588 per week. Rental yields are 3.02% for houses and 4.89% for units.

Taringa offers plenty of amenities, including parks like Perrin Park and Jack Cook Park, shopping centres, and various cafes and restaurants. It is also close to major shopping hubs like the Indooroopilly Shopping Centre and Toowong Village. The suburb’s combination of lifestyle, accessibility, and community feel makes it an attractive choice for residents of all ages.

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