Taringa suburb profile
Taringa is a well-established suburb located approximately 5km southwest of Brisbane's CBD, known for its leafy streets and vibrant community atmosphere. It offers a mix of residential options, from charming Queenslander homes to modern apartments, catering to a diverse population. Taringa is popular among students and professionals due to its proximity to the University of Queensland and excellent public transport links, including train and bus services. The suburb boasts a range of amenities, including shopping centres, cafes, and parks, providing a convenient and comfortable lifestyle. Its blend of urban convenience and suburban tranquility makes Taringa a desirable location for residents seeking a balanced lifestyle.
Taringa property market performance
Taringa's property market has shown a notable divergence in performance over the past 12 months. While the median house price has remained stable at $1.36 million, unit values have surged by 26.9%, bringing the median unit price to $737,500. This indicates a strong demand for units in the area.
Sales activity has been robust, with 15 houses and 40 units sold over the past three months. Properties are moving quickly, with houses spending a median of 19 days on the market and units just 12 days, highlighting a competitive market environment.
In the rental market, house rents have remained unchanged, averaging $650, while unit rents have increased by 6.1% to $610, suggesting a growing interest in rental units in Taringa.
Median price - houses$1.35MPast 3 months
Median price - units$738KPast 3 months
Change in value - houses-1.9%12 months
Change in value - units26.9%12 months
Houses sold15Past 3 months
Units sold40Past 3 months
Median DOM - houses19Past 12 months
Median DOM - units12Past 12 months
Average rent - houses$650Past 12 months
Average rent - units$610Past 12 months
Change in rent - houses-7.1%Past 12 months
Change in rent - units6.1%Past 12 months
Taringa demographics
Taringa, located in Brisbane's western suburbs, is a vibrant and diverse community known for its blend of urban convenience and suburban charm. With a population of 8,732 and a median age of 33, Taringa attracts a mix of young professionals, families, and students, thanks to its proximity to the University of Queensland and the Brisbane CBD. The suburb's median household income of $1,902 per week reflects a comfortable standard of living, appealing to those seeking a balanced lifestyle.
Housing in Taringa is varied, with nearly half of the properties being rented, indicating a strong demand from students and professionals who value flexibility. Meanwhile, 25.6% of homes are owned outright, and 24.9% are owned with a mortgage, showcasing a stable property market that caters to both long-term residents and new buyers. The suburb's family-friendly environment is evident, with 36.8% of households being couple families with children and 46% being couple families without children, highlighting its appeal to a broad demographic.
Taringa's community is enriched by its diverse family structures, including 13.2% one-parent families and 4.1% other family types. The suburb's leafy streets, local parks, and convenient access to public transport make it an attractive choice for those seeking a suburban lifestyle with easy access to city amenities. Taringa's blend of educational opportunities, recreational facilities, and a welcoming community atmosphere makes it a desirable location for a wide range of residents.
Taringa infrastructure, key developments and investment opportunities
Taringa is experiencing several developments that could impact its property market. The suburb is undergoing a gradual transformation with new residential projects, including townhouses and apartments, aimed at meeting the growing demand for housing in this well-connected area. These developments are likely to increase housing diversity and potentially attract a wider range of residents.
Infrastructure improvements in Taringa include ongoing upgrades to public transport, with enhancements to the Taringa railway station and bus services improving connectivity to Brisbane CBD and surrounding areas. The proximity to the University of Queensland continues to drive demand from students and academics. Additionally, the suburb's leafy streets and parks, such as Perrin Park, are being maintained and improved, enhancing the area's appeal for families and professionals seeking a balance between urban convenience and suburban tranquility.
Taringa rental market trends
The rental market in Taringa has shown stability, with house rents remaining unchanged at $650 per week over the past year. In contrast, unit rents have experienced a 6.1% increase, reaching $610 per week. This growth in unit rents reflects a steady demand for more affordable living options in this well-connected suburb, making it an attractive choice for renters seeking convenience and value.
Suburbs near Taringa
Some popular suburbs near Taringa include: