Taringa (postcode 4068) is a mid-sized suburb in Queensland within the Brisbane local government area. With a population of 8,732, the suburb has a mix of families and early-career residents with a median age of 33. Households earn a median income of $99K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 professionals, clerical & administrative, community & personal service. Employment in the area leans toward professional services and education. The top ancestries reported are English, Australian, Irish.
Taringa has a median house price of $1.6 million, which has risen solidly by 5.2% year-on-year. Units have a median price of $629,000 (+23.2% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,900.
Public transport access includes 1 rail station, 64 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.0% (low yield). Property prices are above the state median ($1.6M/$1.1M), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +5.2% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.