Taringa is a hilly residential suburb located approximately five kilometres southwest of Brisbane’s CBD. In recent years, many post war homes have been sold, making way for the building of new properties as new generations move to the area.
Here, we take a look into the Taringa property market to find out how property prices in Taringa are tending, the change in values over recent years and Taringa’s suburb profile.
The median sale price for Taringa is $905,000 which represents 1.91% YoY growth for houses in the area. Apartments in Taringa have recorded 0.76% YoY growth with a median sale price of $398,000.
The average rental value for a house in Taringa is $500pw while apartments in Taringa are achieving an average rental amount of $380pw.
May update based on the most recent property data released from CoreLogic (January 2020).
Tucked between sought-after Toowong and Indooroopilly’s renowned school precinct, Taringa is the peaceful neighbour with an appealing price tag.
The median sale price is currently $900,000 as at April, making Taringa one of the more affordable suburbs compared to Indooroopilly, St Lucia, Bardon and Auchenflower. With an appealing price tag, Taringa has gained the attention of savvy homeowners looking for an inner-city haven.
One of Brisbane’s Most Liveable Suburbs
In 2019 Domain revealed Brisbane’s most liveable suburbs with Taringa being ranked 13th overall. The suburb was commended for its abundance of tree cover, highly walkable streets and quick transport options, which gives residents greater access to employment and reduced commute times.
Fewer Homes For Sale in Taringa
Despite the increasing desirability of Taringa, the number of properties coming on the market for sale remains well below average. Advertised stock levels are down in Taringa, leaving many buyers waiting for a new influx of homes to hit the market in 2020.
Buyers Seek Out Off-Market Opportunities
With the limited properties currently for sale in Taringa, we have noticed a shift in buyers’ attitudes since early 2019. Buyers are making themselves known to our team, calling ahead to see if there are any upcoming properties in Taringa which may suit their needs.
Interested to know more?
Read our full Taringa Suburb Profile in our 2020 Local Market Report.
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Byrony O’Neill
Byrony O’Neill is part of a new real estate generation. New ideas, new technology, new approach and a whole new attitude.
As an expert in the local area, Byrony knows which factors drive the Taringa property market and values in the suburb. Understanding these trends is crucial to selling your house, townhouse or apartment in Taringa.
With over 17 years’ experience, Byrony can offer advice on how to style your home for sale and how to sell your home in Taringa.
M: 0412 132 480
E: byrony@byronyoneill.com
