Suburb Profile Report for Taringa QLD (4068)

Taringa House: Median price $950,000, Annual capital growth 5.08%, Number of sales 67, Weekly median advertised rent $493

Taringa Unit: Median price $417,500, Annual capital growth 3.19%, Number of sales 172, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a stable capital gain of 9.76% for the last year, Taringa, 4068 is the 1126th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Taringa has given property investors a paper return of -0.21%. This puts Suburb as 559 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Taringa are currently offering property investors an average price cut of -8.47% below the asking price at the moment.

With the median price for a house in Taringa being $950000 and the advertised rent reaching $492.5 the gross rental yield for property investors calculates out to be 2.70%

Investment property in Taringa has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.11%

While Taringa,4068 ranked number 280th in QLD for increase in median house value (annualised) increase, it is ranked 183th over the last 5 years.

Taringa, 4068 is offering QLD ‘s 85th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.

The QLD suburb of Taringa, 4068 is in the Brisbane local government area.

YIP MAG Information supplied by:

YIP MAG
May 2016

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Despite some improvement over the past 12 months, Taringa still boasts a vacancy rate that would likely worry investors.Full summary Despite some improvement over the past 12 months, Taringa still boasts a vacancy rate that would likely worry investors.

According to figures from Real Estate Investar, the vacancy rate in Taringa, which is 5km from the Brisbane CBD, currently sits at 5.16%, compared to 6.28% a year ago.

Looking at Taringa, the elevated vacancy rate is a little surprising, given its amenities.

Taringa train station provides easy access to central Brisbane, while Moggill Road offers a direct route for those looking to drive.

The neighbouring suburb of Indooroopilly offers school facilities as well as a wide range of shopping, and the University of Queensland is also just a short drive from Taringa. 

For those landlords who already have tenants, Taringa is unlikely to deliver positive cash flow, with rental yields sitting at 3%.Close
Metrics i HOUSE UNIT
$950,000 $417,500
-0.21% -2.68%
9.76% -5.11%
5.08% 3.19%
$493 $380
67 172
2.70% 4.73%
44.21 80.06

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 7175
Median household income ($/weekly) 1491
Median age of persons 29
Median housing loan repayment ($/monthly) 2011
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 1402 19.5
    25-34 years 1754 24.4
    35-44 years 863 12.0
    45-54 years 582 8.1
    55-64 years 608 8.5
    Others 1966 27.4
    Age Group
    Census Count Percent(%)
    Not Married 3311 55.8
    Registered Married 1936 32.7
    Defacto Relationship 682 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4574 66.9
    Croatia 214 3.1
    Papua New Guinea 169 2.5
    United Kingdom 335 4.9
    Other 509 7.4
    Others 1037 15.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 174 2.7
    Christianity 3545 54.2
    Hinduism 138 2.1
    Islam 247 3.8
    No Religion 2350 36.0
    Others 81 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 244 8.5
    $1,250-$1,499 257 8.9
    $1,500-$1,999 431 14.9
    $2,000-$2,499 243 8.4
    $2,500-$2,999 331 11.5
    Others 1379 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2640 43.0
    Not in the labour force 1705 27.8
    Employed, worked part-time 1309 21.3
    Unemployed, looking for work 294 4.8
    Employed, away from work 194 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 419 10.1
    Professionals 1803 43.5
    Community & personal service workers 400 9.7
    Clerical & administrative workers 571 13.8
    Sales 333 8.0
    Others 616 14.9
    Occupation
    Census Count Percent(%)
    Pre-school 73 3.2
    Infants/Primary 328 14.3
    Secondary 197 8.6
    Technical or Further Educational Institution 131 5.7
    University or other Tertiary Institutions 1510 65.6
    Others 62 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3009 44.3
    Separate house 2772 40.8
    Semi-detached, row or terrace house, townhouse 1019 15.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1587 51.6
    Fully owned 744 24.2
    Being purchased 702 22.8
    Other tenure type 45 1.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals