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Taringa, QLD 4068

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Taringa, QLD 4068 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Taringa, QLD 4068”

  1. The total adult population (15 years or older) of Taringa 4068 QLD is 7,582, with a median age of 33. Of those, 36.86% are married, 9.46% are divorced or separated, 50.29% are single and 3.50% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $9,912. The median monthly mortgage repayment for households in this suburb is $1,900 which is 19.17% of their earnings.

    Source: ABS Census Data (2021)

  2. Spread out across the scenic state of Queensland, we find the suburb of Taringa 4068. Housing approximately 4956 households, this quaint neighbourhood brims with character. As we delve into the third quarter of 2023, there is a varied market for potential homebuyers and astute investors.

    The typical price for houses in Taringa 4068 circles around $1,595,874, with the median weekly rent settling at $702. This setup equates to an indicative yield of 2.29%, proving somewhat appealing for income-focused investors, but falls slightly short of the minimum attractive market requirement of over 3%.

    The suburb displays an IRSAD score of 1093 out of 1217, a striking figure that underscores the fruitful socio-economic status of its residents. However, the area caters more to the renting populace, with a renter to owner ratio of 55%, far exceeding the ideal threshold of 30% or lower. Investors should cautiously assess this detail as an oversaturated rental market might lead to a competitive struggle for landlords and hamper long-term returns.

    Counterbalancing the demographic, Taringa’s property market showcases a rather high units to houses ratio of 68%. This substantial presence of apartments often alludes to an oversupply that could potentially dilute rental yields, specifically in a dip or any regulatory alterations in the market.

    In terms of the affordability index, one would require around 63 years to own a house here, a figure notably above the standard time period of a 30-year mortgage. This suggests decreased affordability in the market and mirrors the high property prices in the area.

    The area indicates a balanced supply with a stock on market percentage of 0.93% and an inventory level of 3.47 months for houses. These figures sit within the neutral zone, inspiring a sense of equilibrium between sellers and buyers. However, the building approvals ratio is slightly above the favourable range at 0.68%, hinting at an increased supply of housing stock.

    Taringa experiences a high market interest though, as reflected by an average of 13 days on market for houses. This brisk turnover time is indicative of strong demand. The suburb further bolsters its appeal with a low vacancy rate of 0.77% – a favourable figure that underscores a constrained supply relative to the demand.

    Despite these promising aspects, the buy search index standing at 2 suggests limited demand, which could potentially strike a downturn in property value growth. This should encourage investors to explore other trends and the larger real estate landscape before embarking on a property venture in Taringa.

    It’s good to remember that although some metrics fall into unfavourable ranges such as the renter to owner ratio, units to houses ratio and affordability index, much of the other metrics indicate favourable conditions like IRSAD score, days on market and notably low vacancy rate. Investors should consider using comprehensive tools like the RCS (Relative Composite Score) developed by HtAG Analytics that compiles and analyses above said metrics for an in-depth and essential understanding of the market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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