Taringa

Real estate profile

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Location

5km south west of the Brisbane CBD.

Features

Close to the University of Queensland, easy access to Brisbane City, Taringa rail station

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $554,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $330. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $290.

Profile

Taringa is located five kilometres south west of the Brisbane CBD. The suburb has easy access to the city via Coronation Drive or Milton Road, and offers a quiet suburban lifestyle with good access to major infrastructure.

The University of Queensland is only minutes away in St Lucia, while major shopping, retail and commercial centres are located in Taringa and nearby Indooroopilly and Toowong. The suburb is handy to the CBD and also benefits from the rail line into the City and a frequent bus service. These factors all help to make Taringa popular with university students, young professionals and families alike.

The mix of housing types is distinct with a clear divide between high and medium rise blocks of units in some areas and largely renovated Queenslanders in others. There are also a number of newer architecturally designed homes throughout the suburb.

A number of new medium density housing projects have been developed over the last few years, aimed at the young CBD professional rental market and students from the University of Queensland.

According to the 2006 Census there were 7,490 people living in the suburb with a median age of 29. The median individual income was $604 per week. Of all occupied private dwellings 41.9% were either fully owned or being purchased; 46.4% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.