Suburb Profile Report for Taringa QLD (4068)

Taringa House: Median price $940,000, Annual capital growth 4.90%, Number of sales 74, Weekly median advertised rent $495

Taringa Unit: Median price $430,000, Annual capital growth 3.58%, Number of sales 169, Weekly median advertised rent $385

  • 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 9.94% for the last year, Taringa, 4068 is the 1071th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Taringa comes in at number 113th in QLD.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.29% offered to property buyers. Sellers in Taringa itself are offering an average vendor discount of -6.88% to real estate investors.

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

With a capital gain of -1.21% for the last 12 months, Taringa, 4068 has performed for property investments than its average annual 3.58% property growth over the last 5 years.

The five-year average increase in median property values for Taringa,4068 has given property investors a potential capital gain of 10.26% across each of those five years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Taringa itself are offering an average vendor discount of -6.37% to real estate investors.

Taringa is 286th on a list of best yielding suburbs for rents in QLD with a 4.66% return

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
HOUSE UNIT
$940,000 $430,000
4.16% 0.00%
9.94% -1.21%
4.90% 3.58%
$495 $385
74 169
2.74% 4.66%
40.93 80.06

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (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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