If you compare the increase in value of investment property in Taringa, 4068 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.94%.
The five-year average increase in median property values for Taringa,4068 has given property investors a potential capital gain of 39.39% across each of those five years.
The most recent median price for Taringa is $920000, with sellers offering an average of -8.62% off the asking price.
Using the current median advertised rental of $492.5 and the average annual increase in value of a median property of 4.95%, investors should hope to achieve an overall return of 2.78%
Taringa is an average performer in QLD when comparing median price capital growth over the last year. Taringa gave property investors a average capital gain figure when compared to the rest of the state, with -0.24%.
A 7.62% growth in median value for property investors in Taringa,4068 puts this suburb at number 245th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in Taringa are currently offering property investors an average price cut of -8.01% below the asking price at the moment.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 3.12%, investors should hope to achieve an overall return of 4.70%