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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 experienced significant growth over the past 12 months, with house values increasing by 19.7%. The current median house price stands at $1.76 million, reflecting strong demand in the area. However, the unit market remains largely inactive, with no significant change in median value and only one unit sold in the past year.

Sales activity for houses has been robust, with 46 houses sold over the last 12 months. Houses are selling relatively quickly, with a median of 38 days on the market, indicating a competitive market environment.

In the rental market, house rents have remained stable over the last 12 months, averaging $750 per week. In contrast, unit rents have seen a notable increase of 13.8%, averaging $470 per week, suggesting a growing interest in rental units despite limited sales activity.

HousesUnits
Median price
Past 3 months
$1.75MN/A
Change in value
Past 12 months
19.7%N/A
Sold
Past 3 months
461
Median days on market
Past 12 months
38N/A
Average rent
Past 12 months
$750$470
Change in rent
Past 12 months
N/A13.8%

5 year median price trend for houses and units

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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 stability for houses, with rents remaining unchanged at $750 per week over the past year. In contrast, unit rents have experienced a significant increase of 13.8%, reaching $470 per week. This dynamic suggests a growing demand for units, making Tarragindi an attractive option for renters seeking affordability and convenience in a well-established suburb.

Suburbs near Tarragindi

Some popular suburbs near Tarragindi include:

How does Tarragindi compare to nearby suburbs?

  • Median house prices: Tarragindi’s median house price is 30.0% higher than Greenslopes’s.
  • House price growth: Over the past 12 months, house prices in Tarragindi have grown 15.1% higher than in Greenslopes.
  • Selling speed for houses: Properties in Tarragindi are selling 11.6% faster than in Holland Park.
  • House price growth: Over the past 12 months, house prices in Tarragindi have grown 46.5% higher than the average rate of growth across Brisbane.

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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Choose the right real estate agents in Tarragindi

Choosing the right real estate agent in Tarragindi can have a big impact on your sale. While there are 78 real estate agents working in the suburb, but just 5 of them were responsible for 47.8% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.47% to 3.01%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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