Get a property report and suburb profile for any property in Taringa

Taringa sits in Brisbane’s inner west with a leafy, residential character and a compact village heart. Tree-lined streets contain timber Queenslanders, interwar cottages and low-rise apartments clustered around the railway station and the shopping strip on Moggill Road and Station Road. Its proximity to the University of Queensland and the Brisbane River brings a mix of students, professionals and families. The suburb has a population of 8,732, a median age of 33 and a median weekly household income of $1,902.

Parks, creeks and riverside green space make for pleasant weekend walks, while cafés, bakeries and everyday services are close by and train and bus links connect residents to the city and nearby precincts. There is an ongoing campaign for accessibility upgrades at Taringa railway station, including a petition with more than 1,700 signatures, and a council draft plan for playground improvements is at the consultation stage. With homes split almost evenly between owners and renters and couples the dominant household type, Taringa suits people who want quiet neighbourhood streets with easy access to shops, transport and riverside open space; whether it fits you depends on what you value in a suburb.

On the figures for Taringa, buying sits well above what a typical local household earned at the last Census. A median house at $1,450,000 is about 14.7 times a typical local annual household income at the last Census, and the median unit at $800,000 is about 8.1 times that annual income, both placing purchase prices well above local incomes.

Renting also takes up a large share of local income: house rent of $783 a week is about 41.1% of a typical local household's weekly income at the last Census (a large share), while unit rent of $650 a week is about 34.2% (a sizeable share). If you're renting rather than buying, the rent share is the number that matters; for buyers, the price multiple is the key figure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Taringa, unit values climbed a strong 13.2% while house values edged up 1.2%. That leaves unit capital growth markedly larger than house capital growth for the year.

Rents rose for both property types: house rents were up a solid 9.5% and unit rents increased 8.3%. For someone focused on rental income, both types saw notable rent growth, and for houses the rent increase outpaced the small rise in value while for units value growth outpaced rent growth. Whether that balance fits your aims depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.