Tarragindi suburb profile
Tarragindi is a leafy suburb located approximately 8km south of Brisbane's CBD, known for its tranquil residential atmosphere and strong community spirit. The suburb is characterized by its hilly terrain, offering scenic views and a mix of post-war homes and modern residences. Tarragindi is popular among families due to its excellent schools, parks, and recreational facilities, including the expansive Toohey Forest Park. With convenient access to major roads and public transport, residents enjoy easy connectivity to the city while benefiting from a peaceful suburban lifestyle. Its blend of natural beauty and urban convenience makes Tarragindi a desirable place to live.
Tarragindi property market performance
Tarragindi's property market has shown robust growth, particularly in the housing sector, over the past 12 months. House values have surged by 14.4%, bringing the median house price to $1.68 million. In contrast, unit values have remained stable, with the median unit price holding at $500,000.
Sales activity has been more pronounced in the housing market, with 36 houses sold compared to just 3 units in the past three months. Both houses and units are selling quickly, with median days on market at 19 and 16 days, respectively, indicating strong buyer interest.
The rental market in Tarragindi has also seen changes, with house rents increasing by 7.1% to an average of $750, while unit rents have remained unchanged at $400, reflecting a steady demand for rental properties.
Median price - houses$1.68MPast 3 months
Median price - units$500KPast 3 months
Change in value - houses14.4%12 months
Change in value - units-8.8%12 months
Houses sold36Past 3 months
Units sold3Past 3 months
Median DOM - houses19Past 12 months
Median DOM - units16.5Past 12 months
Average rent - houses$750Past 12 months
Average rent - units$400Past 12 months
Change in rent - houses7.1%Past 12 months
Change in rent - units-2.4%Past 12 months
Tarragindi demographics
Tarragindi, a leafy suburb located in Brisbane's south, is known for its family-friendly atmosphere and strong sense of community. With a population of 11,035 and a median age of 37, it is a suburb that appeals to both young families and established residents. The area is characterized by its abundance of green spaces, including parks and nature reserves, which provide ample opportunities for outdoor activities and relaxation.
The suburb's demographic profile is predominantly composed of couple families with children, making up 56% of the population. This highlights Tarragindi's appeal to families seeking a supportive environment with access to quality schools and community facilities. Additionally, 30% of households are couple families without children, indicating a diverse mix of residents who appreciate the suburb's peaceful and convenient lifestyle.
In terms of property ownership, Tarragindi exhibits a strong sense of stability, with 33.2% of homes owned outright and 46.2% owned with a mortgage. This reflects a community that values homeownership and long-term residency. The rental market is relatively small, with only 20.6% of properties being rented, which further underscores the suburb's appeal to those looking for a permanent place to call home. With a median total household income of $2,934 per week, Tarragindi is a prosperous suburb that offers a high quality of life for its residents.
Tarragindi infrastructure, key developments and investment opportunities
Tarragindi is experiencing several developments that may impact its property market. The suburb is set to benefit from the Brisbane Metro project, with improved public transport connections to the city. A new community garden initiative has been launched, enhancing green spaces and community engagement. The local Wellers Hill State School continues to attract families with its renowned bilingual Japanese program.
Infrastructure improvements include upgrades to local parks and walking trails, particularly in the Toohey Forest area, increasing recreational options for residents. The nearby Griffith University Nathan campus expansion may drive demand for student accommodation. These developments, combined with Tarragindi's proximity to the CBD and its family-friendly atmosphere, are likely to maintain strong interest in the local property market.
Tarragindi rental market trends
The rental market in Tarragindi has shown moderate growth, with house rents increasing by 7.1% over the past year to $750 per week, while unit rents have remained stable at $400 per week. This stability in unit rents, combined with the rise in house rents, highlights Tarragindi as a balanced market with potential for steady investment returns.
Suburbs near Tarragindi
Some popular suburbs near Tarragindi include: