Property value increases in Taringa have tracked close to the QLD average of 2.45% over the last 12 months.
Taringa,4068 was ranked 2389 in Australia by increase in median property value over the quarter.
Taringa4068 is located in QLD which offers an average discount of -6.86% to property investors. Taringa itself is showing figures that indicate -7.68% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 4.64%, investors should hope to achieve an overall return of 2.73%
Property investors who have had real estate in Taringa, 4068 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.33%
Taking the average capital gain, or increase in median house value, Taringa,4068 has racked up an average of -2.33% over the period. This ranks it number 1362th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Taringa, 4068. Typically our figures indicate that -7.79% is being offered, which puts this QLD suburb at 190th most discounted overall in Australia.
Often selling an investment property can take time, and in Taringa the average time real estate has been on the market is 93.11 days.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.70%, without taking into account capital value appreciation, which has been averaging out at 2.94%.