With a capital gain of 0.11% for the last 12 months, Taringa, 4068 has performed for property investments than its average annual 3.81% property growth over the last 5 years.
Taringa,4068 was ranked 2429 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Taringa are currently offering property investors an average price cut of -5.72% below the asking price at the moment.
At number 2263 in a list of fastest selling suburbs, Taringa is just in the bottom half of suburbs in Australia with an average of days on market 80.34 for properties listed there.
Advertised rents are around the $500 mark per week – giving a return of 2.73% based on the median price in Suburb
Investment property in Taringa has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.20%
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.
Property investors looking for a bargain in Taringa should be aiming for at least -7.43% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 168 properties changed hands in Taringa, which puts it as the 50th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $380 weekly from the median priced house in this suburb.