Buying a house in Taringa? Book Your Building Inspection First
Taringa is a high demand, hilly suburb just 6 kilometres south west of Brisbane’s city centre – and it makes a fantastic place to call home!
If you’re looking to make Taringa your new home, get in quick – houses will be snapped up quicker than you imagine. This doesn’t mean that you should forgo a pre-purchase building and pest inspection. You need to make sure you book one of these with Action Property Inspections, even if your Taringa dream home is brand new. You’ll not only have peace of mind, but you’ll also know that your new inner-city sanctuary is worth every penny!
Why move to Taringa?
Taringa borders stunning Mt Coo-tha, Indooroopilly, and St Lucia, and is mostly residential. It’s close proximity to both the University of Queensland and Queensland University of Technology makes it a popular place to live for students. Its proximity to the CBD also makes it popular among young professionals and young families. Major arterial roads connect Taringa to the CBD and the Western Freeway, making it an easily accessible suburb. Excellent public transport, including a local train station, makes it highly sought after, too.
Taringa is also home to a number of beautiful Queenslander style homes, many of which have been recently renovated. The tree-lined streets and relative peace and quiet of the neighbourhood, given the proximity to the city, are a definite draw to buyers. There’s also an unmistakable suburban community feel which is difficult to find in other suburbs this close to the city. While no schools lie within the suburb itself, Taringa is close to Toowong State School, Ironside State School, and Indooroopilly State School, and Indooroopilly State High School for those with secondary school-aged children. Taringa also has fantastic shopping options, with Toowong Shopping Village and Indooroopilly Shopping Centre within short driving distance.
Show me the money
If you’re looking to buy your new home in Taringa, or merely invest in a property, you can rest assured that Taringa is the real deal. The suburb has seen median house prices rise by an impressive 26.32%. A steady increase in average property prices over the last five years have seen a capital gain of 39.53%.
Taringa has also delivered a strong performance in contrast to other similar Australian suburbs in terms of the appreciation of the value of properties. In Taringa, median home prices are now $1,200,000. Apartments have a median sale price of $425,000. Investors have a rental average of $533 per week for houses and $395 per week for an apartment to look forward to.
To show you just how desirable this suburb is, people typically wait on average 57.9 days before their homes are taken off the market.