Taringa Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Taringa? As a Taringa Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Taringa property purchase!

Description

Taringa is an inner Brisbane suburb located 6.1km southwest of the CBD. The suburb is best known for its character style homes, educational precinct, and cafes lifestyle.  Taringa is bordered by the suburbs of St Lucia, Indooroopilly, Toowong and Chapel Hill.

Taringa Suburb map

Demographics

The population of Taringa in 2016 was around 8,386 and continues to grow. 43.6% of households in Taringa are owner occupied and the predominant demographic are young couples without children.

Shops, restaurants and entertainment

Taringa’s main shopping and café precinct is located on Moggill Road and Morrow Street.

Transport

Taringa Railway Station is located in the centre of the suburb and provides very easy access to the CBD.  A number of convenient bus routes also operate along Moggill Rd

Schools

The area is home to a number of excellent private  schools including Brisbane Boys College, St Peters Lutheran College, and  Holy Family Primary School.

Taringa falls in the catchments for Toowong and Indooroopilly State Schools and Indooroopilly State High School.

Parks and Green spaces

Perrin Park is a very popular spot on the weekend for family picnics and fitness groups.

Taringa is conveniently located at the foothills of Mt Cootha which has over 15km of walking and cycling trails.

Major employers

Most residents commute to the Brisbane CBD for work.

Most and least desirable areas

Stanley Terrace and Swann Road both have magnificent city and suburban views, but do carry a lot of cut-through traffic. Some of the more expensive homes in Taringa are positioned on and around Goldsborough Road (Stanley Terrace included).

Noise is a concern for properties within close proximity to the railway line and Moggill Road.

Buyers should check the Brisbane City Council Flood Maps, as some areas are susceptible to flooding.

Housing type and typical block size

Apartments and townhouses complexes account for more than 73% of dwellings in Taringa.

There are also some beautiful character style cottages and modern builds in an around Goldsborough Road. The typical block size for these home are 405m².

Post-war houses also occur in the area. Many of the post war homes are being removed to allow for subdivisions, and the construction of contemporary homes on smaller sized blocks.

What can my money buy in Taringa?

The median house price in Taringa is $1,200,000 which is well above Brisbane’s median.

The median house price in Taringa would typically buy an older style 4 bedroom, 2 bathroom house on a 541m2 block.

For example: 3 Woolley Street, Taringa – sold for $1,150,000 in Nov 2021 (click to view listing and see photos below).

Buying a home in Taringa

The median unit price in Taringa is: $436,000.

This amount would typically buy a 2 bedroom, 2 bathroom, 1 garage unit in an older style complex. For example: 4/11 Ada Street, Taringa – sold for $435,000 in Aug 2021 (click to view listing and see photos below).

Buying an investment property in Taringa

How has the Taringa property market been performing?

In the last 5 years the median house price has increased by 32.9%. Over the last 10 years, house prices have increased by 6.3% per annum.

Units in Taringa have seen more modest price growth. In the last 5 years the median price of units has increased by 0.6%. On average, over the last 10 years unit prices have increased by 0.9% per annum.

Supply and demand characteristics for Taringa

  • Average Days on Market: Houses 50 days.  Units:  56 days.
  • On average houses are selling 5% above their list price. Units typically sell 4% above their list price.
  • Taringa’s auction clearance rates are 82% for houses.
  • The average rental yield for houses is 2.2%, compared to 4.55% for units.
  • There is a shortage of houses currently listed for sale (0.67%), (The market for units is more balance with 2.48% currently listed for sale (2.48%).
  • The rental vacancy rate for houses is 2.6%, compared to units 1.5%.

**Statistics are accurate for December 2021

 

Thinking about buying a property in Taringa? Our Taringa Buyers’ Agent is more than happy to have a chat. Please contact us.

For information about other Brisbane suburbs click here.