Suburb Profile Report for Taringa QLD (4068)

Taringa House: Median price $913,500, Annual capital growth 4.65%, Number of sales 68, Weekly median advertised rent $495

Taringa Unit: Median price $420,000, Annual capital growth 3.67%, Number of sales 157, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Taringa have tracked just higher than the QLD average of 1.88% over the last 12 months.

Over the longer term, Taringa has seen property prices show investors a 22.04% return over the last 3 years. This is worse than over the last 12 months

Taringa, 4068 is offering QLD ‘s 327th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.

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

With a capital gain of -4.55% for the last 12 months, Taringa, 4068 has performed for property investments than its average annual 3.67% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Taringa,4068 has racked up an average of -4.55% over the period. This ranks it number 1161th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Taringa is $420000, with sellers offering an average of -5.86% off the asking price.

Situated 4.93km from the CBD, Taringa is one of Brisbane localities in the postcode 4068.

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
$913,500 $420,000
0.94% -2.33%
8.11% -4.55%
4.65% 3.67%
$495 $390
68 157
2.82% 4.83%
34.8 72.43

Source: CoreLogic

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