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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 over the past 12 months, particularly in the housing sector. House values have surged by 14.7%, with the median house price reaching $1.61 million. In contrast, unit values have remained stable, with no change over the same period, maintaining a median price of $500,000.

Sales activity has been more pronounced in the housing market, with 49 houses sold compared to just 3 units in the past 12 months. Both houses and units are selling quickly, with median days on market at 18 and 16 days, respectively, indicating strong demand across the board.

The rental market in Tarragindi has also experienced growth, with house rents increasing by 8.3% and unit rents by 5.3% over the last 12 months. The average rent for houses now stands at $750, while units average $395, reflecting a healthy rental demand in the suburb.

Median price - houses$1.70MPast 3 months

Median price - units$500KPast 3 months

Change in value - houses14.9%12 months

Change in value - units-8.8%12 months

Houses sold53Past 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$390Past 12 months

Change in rent - houses7.1%Past 12 months

Change in rent - units4.0%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 experienced moderate growth, with house rents increasing 8.3% over the past year to $750 per week, while unit rents have risen 5.3% to $395 per week. With its family-friendly environment and proximity to Brisbane's CBD, Tarragindi continues to attract renters and investors seeking a balanced lifestyle and solid returns.

Suburbs near Tarragindi

Some popular suburbs near Tarragindi include:

Common questions about Tarragindi

  • Is Tarragindi a nice place to live?

    Tarragindi is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled just 8km south of Brisbane's bustling CBD, this charming suburb is known for its lush greenery and tranquil residential vibe. The hilly terrain provides scenic views and a mix of architectural styles, from post-war homes to modern residences, catering to a variety of tastes. Families are particularly drawn to Tarragindi due to its excellent schools and abundance of parks, which create a nurturing atmosphere for children to grow and thrive.

    The suburb exudes a strong sense of community, with residents often engaging in local events and activities. The presence of the expansive Toohey Forest Park offers ample opportunities for outdoor adventures, from leisurely walks to more vigorous hikes, making it a haven for nature enthusiasts. While Tarragindi may not boast the nightlife of inner-city areas, it compensates with a peaceful lifestyle and easy access to essential amenities, including shops, cafes, and recreational facilities.

    Safety is generally not a major concern in Tarragindi, contributing to its appeal as a family-oriented suburb. However, the trade-off for its serene environment and proximity to the city is the competitive property market, which can be challenging for first-time buyers. Despite this, the suburb's ongoing developments, such as improved public transport connections and community initiatives, continue to enhance its livability and maintain its desirability. For families seeking a supportive and picturesque setting with convenient city access, Tarragindi is a fantastic choice.

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  • Is it expensive to live in Tarragindi?

    Living in Tarragindi is relatively pricey, especially when compared to other suburbs in Brisbane. The current median house price is around $1,607,000, which is quite substantial. For those considering renting, the average rent for houses is about $750 per week, while units are more affordable at $395 per week. These figures suggest that housing costs in Tarragindi are on the higher end of the spectrum.

    When we look at the average wage in Tarragindi, which is approximately $103,000 per year, it appears to be above the general average wage in Brisbane. However, even with a higher-than-average income, the significant cost of purchasing or renting a home in Tarragindi could take up a large portion of one's earnings. This makes it essential for anyone thinking of living in Tarragindi to carefully evaluate their budget and financial situation.

    Overall, while Tarragindi offers a desirable location with its proximity to Brisbane and a pleasant suburban environment, the cost of living, particularly in terms of housing, is quite high. It's important to weigh these costs against the benefits of living in this appealing suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Tarragindi a good place to invest?

    Tarragindi is shaping up to be a promising suburb for investment, especially if you're eyeing the housing market. Over the past year, the median house value in Tarragindi has surged by an impressive 14.7%, indicating strong demand and potential for capital growth. This is a clear sign that the suburb is gaining popularity among buyers, likely due to its appealing lifestyle and proximity to key amenities.

    While the unit market hasn't seen the same growth in value, with a 0% change over the last 12 months, rental yields for both houses and units have increased. House rents have risen by 8.3%, and unit rents by 5.3%, suggesting a healthy rental market. This could be attractive for investors looking for steady rental income, as the demand for rental properties remains robust.

    Overall, Tarragindi offers a balanced investment opportunity. The strong growth in house values combined with rising rental returns makes it a suburb worth considering for those looking to invest in property. While units haven't experienced the same capital growth, they still present a viable option for rental income. With its appealing community vibe and ongoing demand, Tarragindi is definitely a suburb to watch for potential investors.

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