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Taranganba, QLD 4703

Home » QLD Real Estate Data » Livingstone Shire, QLD » Taranganba, QLD 4703

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 Taranganba, QLD 4703 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Taranganba, QLD 4703”

  1. The total adult population (15 years or older) of Taranganba 4703 QLD is 1,838, with a median age of 40. Of those, 46.08% are married, 12.79% are divorced or separated, 36.07% are single and 4.84% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,012. The median monthly mortgage repayment for households in this suburb is $1,517 which is 18.93% of their earnings.

    Source: ABS Census Data (2021)

  2. TARANGANBA 4703, a suburb nestled in the Australian state of Queensland (QLD), is a thriving community comprising around 1067 households. Moving into Q3 of 2023, real estate in this suburb is increasingly attractive. Houses are typically priced at $662,430 which when partnered with the median weekly rent of $553, generates an enticing indicative yield of 4.34%. This yield exceeds the 3% threshold, therefore, this suburb could serve as a potentially promising market for cashflow-centered property investors.

    Socio-economically, TARANGANBA 4703 scores a respectable 961 points out of a possible 1217 on the IRSAD scale. This implies the community possesses a generally favourable socio-economic standing with access to economic resources and a comfortable income level.

    The balance between rental and owned properties leans more towards ownership, with a renter to owner ratio of 28%. This favourable metric indicates comparatively lower competition among property investors, retaining the suburb’s long-term appeal and stability in rental returns. Further enhancing the investing landscape, the region reports a units to houses ratio of just 10%, suggesting a greater abundance of houses that attracts a wider range of residents, including families, who tend to commit to longer tenancy periods.

    However, affordability remains a slight concern, with the index sitting at 32 years, slightly above the standard 30-year timeline for mortgages. This could indicate a moderate decrease in general affordability in the area.

    In terms of supply metrics, the suburb stands relatively strong with a stock on market Percentage of 0.44%, indicative of moderate supply. The inventory level of 1.02 months further strengthens this status being within the favourable range, which implies a good absorption rate for new listings. Similarly, the Building Approval Ratio for houses is a mere 0.11%, indicative of low upcoming supply allowing for preservation of property values.

    The suburb exhibits a reasonably favourable demand with a days on market figure of 60. Even though it does not classify as high demand, it points to a steadily moving market. However, the extremely low vacancy rate of 0.66% signifies high demand and limited supply – a great opportunity for investors looking for renters willing to pay higher rents due to limited alternatives. This impression is further supported by a buy search index of 5, indicating that demand is on par with state average.

    In conclusion, although TARANGANBA 4703 presents a slight concern in affordability, overall, it displays several attractive metrics for property investors including favourable yield, owner-to-renter ratios, unit-to-house ratios, and supply-demand indicators. As evident through the RCS metric, comprehensive analysis of these metrics provides invaluable insights in identifying smart property investment opportunities to capitalise on. It is always recommended to keep a close eye on the trends as these factors can fluctuate over time.

    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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