Suburb Profile Report for Taringa QLD (4068)

Taringa House: Median price $950,000, Annual capital growth 4.73%, Number of sales 62, Weekly median advertised rent $500

Taringa Unit: Median price $420,000, Annual capital growth 2.32%, Number of sales 188, Weekly median advertised rent $375

  • 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 lower than the QLD average of 2.82% over the last 12 months.

Taringa,4068 has offered an average of 0.96% return per annum in house price rises to property investors over the last three years.

Taringa is 735th on a list of best yielding suburbs for rents in QLD with a 2.74% return

Taringa has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.21% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Taringa has increased when compared to the 5 year average annual rate.

Taringa is 288th on a list of best yielding suburbs for rents in QLD with a 4.64% 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
Metrics i HOUSE UNIT
$950,000 $420,000
0.00% 0.00%
0.96% -2.21%
4.73% 2.32%
$500 $375
62 188
2.74% 4.64%
N/A N/A

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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