Tara (postcode 4421) is a close-knit residential community in Queensland within the Western Downs local government area. The area has roughly 1,980 residents and a settled, mature resident base, with a median age of 48. Households earn a median income of $45K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, community & personal service. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
Tara has a median house price of $180,000, which has jumped by 11.1% year-on-year. The median weekly rent is $180 (Census 2021). This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $758.
Tara is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 842, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Western Downs LGA is moderate at 6,366 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.2% (high yield). Property prices sit below the state median ($180K/$1.1M), which can point to relative value. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +11.1% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.