Suburb Profile Report for Tarragindi QLD (4121)

Tarragindi House: Median price $725,000, Annual capital growth 6.61%, Number of sales 174, Weekly median advertised rent $460

Tarragindi Unit: Median price $445,000, Annual capital growth 11.74%, Number of sales 15, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Tarragindi is an average performer in QLD when comparing median price capital growth over the last year. Tarragindi gave property investors a good capital gain figure when compared to the rest of the state, with 4.50%.

While Tarragindi,4121 ranked number 407th in QLD for increase in median house value (annualised) increase, it is ranked 73th over the last 5 years.

Our latest figures would indicate that property sellers in Tarragindi are currently offering property investors an average price cut of -5.43% below the asking price at the moment.

Property investors should expect to get $460 weekly from the median priced house in this suburb.

Property investors who have had real estate in Tarragindi, 4121 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.66%

While Tarragindi,4121 ranked number 52th in QLD for increase in median house value (annualised) increase, it is ranked 117th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Tarragindi is offering property investors an average of -5.97. This rate of discount on properties puts Suburb at number 247th in terms of most discounted suburbs in QLD

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 11.74%, investors should hope to achieve an overall return of 5.02%

YIP MAG Information supplied by:

YIP MAG
April 2015

M
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W
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With a relaxed neighbourhood atmosphere and a superb location just minutes from Brisbane CBD, Tarragindi offers a prime example of desirable city living.Full summary With a relaxed neighbourhood atmosphere and a superb location just minutes from Brisbane CBD, Tarragindi offers a prime example of desirable city living.

Close to leafy parks, hospitals and shopping centres, this suburb has been marked as a high-growth area.

Located 9km from the CBD, between the Pacific Highway and Toohey Forest Conservation Park, Tarragindi moulds easy access with a relaxed family community.

Two well-regarded schools offer excellent childcare and medical services.

Bus routes and bikeways cover the area and link up with South Bank and Carindale.

One shopping centre operates in the suburb, and larger shopping complexes like Fairfield Gardens and Westfield Garden City are nearby.

Although close to the CBD, there are many homes on block sizes larger than 1,000sqm that are highly sought after.

Popular properties in Tarragindi are in areas like Prior Street and Fernvale Road, located between the many parks and reserves, yet close to the shopping centres and bus routesClose
HOUSE UNIT
$725,000 $445,000
0.35% 4.09%
4.50% 12.66%
6.61% 11.74%
$460 $430
174 15
3.30% 5.02%
43.12 46.45

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 9964
Median household income ($/weekly) 1791
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1394 14.0
    25-34 years 1287 12.9
    35-44 years 1705 17.1
    45-54 years 1372 13.8
    55-64 years 878 8.8
    Others 3328 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 3859 53.1
    Not Married 2739 37.7
    Defacto Relationship 674 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7991 82.7
    Papua New Guinea 247 2.6
    South Africa 56 0.6
    United Kingdom 428 4.4
    Other 364 3.8
    Others 571 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 152 1.6
    Christianity 6718 72.1
    Hinduism 44 0.5
    Islam 51 0.5
    No Religion 2304 24.7
    Others 55 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 259 8.0
    $1,500-$1,999 391 12.1
    $2,000-$2,499 350 10.9
    $2,500-$2,999 380 11.8
    $3,000-$3,499 354 11.0
    Others 1488 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3237 43.0
    Not in the labour force 2158 28.7
    Employed, worked part-time 1623 21.6
    Employed, away from work 293 3.9
    Unemployed, looking for work 213 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 672 13.1
    Professionals 1824 35.4
    Technicians & trades workers 556 10.8
    Community & personal service workers 413 8.0
    Clerical & administrative workers 816 15.9
    Others 867 16.8
    Occupation
    Census Count Percent(%)
    Pre-school 162 6.0
    Infants/Primary 1068 39.8
    Secondary 536 20.0
    Technical or Further Educational Institution 198 7.4
    University or other Tertiary Institutions 647 24.1
    Others 71 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9304 97.4
    Semi-detached, row or terrace house, townhouse 178 1.9
    Flat, unit or apartment 73 0.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1434 41.3
    Fully owned 1292 37.2
    Rented 745 21.4
    Other tenure type 4 0.1
    Tenure Type
Census 2011, ABS
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