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 $995,000 which represents 7.86% YoY growth for houses in the area. Apartments in Taringa have a median sale price of $410,000.
The average rental value for a house in Taringa is $495pw while apartments in Taringa are achieving an average rental amount of $383pw.
Taringa offers an urban sanctuary for residents, with excellent connections to the city as well as being just minutes to some of Brisbane’s most respected schools.
Once upon a time, Taringa could be considered a bit of a local’s secret. Tucked between Toowong and Indooroopilly, this neighbourhood often flew under the radar – but that is clearly no longer the case.
Search activity for people looking to buy real estate in Taringa has increased dramatically since 2020 and we have seen property values increase 14% over the past two years.
It’s easy to see why so many people are drawn to this sought-after suburb.
Taringa property values to reach new heights in 2021
As of May 2021, the median sale price for a house in Taringa is at $990,000 which is 9% higher than this time last year.
Although Taringa hasn’t quite reached its pre-pandemic levels (the suburb recorded a median of $1M in March 2020), property indicators suggest real estate values in Taringa are on track to surpass this in 2021.
Interested to know more?
Your free 2021 Local Market Report includes our Taringa Property Market Update, Taringa Suburb Profile and Taringa Property Values.
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How many people are looking for homes within the Taringa property market?
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
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Taringa Property Prices: June update based on the most recent property data released from CoreLogic (February 2021). Demand for Taringa: The number of monthly buy or rent searches on realestate.com.au in March 2021.