Are you looking to purchase a home or an investment property in Taringa? How do you determine if this is the right suburb for you? As Taringa Buyers Agent we have made it easy for you by compiling information about the suburb that is important to know when considering this suburb for your home or investment purchase.
Taringa is located approximately 5km south-west from the Brisbane CBD. It sits between Toowong and Indooroopilly with Moggill Road running through the middle of the suburb providing road access to these major retail areas.
The area is known for its access to a wide range of amenities and its mix of residential and commercial areas. There are stand alone houses in green leafy parts of the suburb, some with large lots of land and views to the city. Most of the elevated properties are located along the ridge that Swann Road traverses.
Due to Taringa’s proximity to the University of Queensland and to the CBD and Queensland University of Technology it is very popular with students. These students are catered for with a wide array of units and townhouses.
Taringa has a couple of heritage listed sites including the memorial located at 103 Stanley Terrace – Pilot Officer Geoffrey Lloyd Wells Memorial Seat and Fulton House which is a stand alone house built in 1940 on Indooroopilly Road.
Taringa railway station provides good access to the city, Kippa-Ring, Ipswich, Rosewood and Springwood.
The following bus routes service Taringa:
Route 414; Route 415; Route 428; Route 453.
There are a couple of early childhood and kindergarten options directly in Taringa:
- Montessori Early Education Taringa – click here for their website
- Guardian Childcare and Education Taringa – click here
Of course there are other options in neighbouring suburbs if you can’t get an enrolment at these facilities. You can search for them here.
There are two options for local state primary schools in Taringa. Depending on where you are located in the suburb, the catchment zones include Ironside State School and Indooroopilly State School. Both schools are excellent and achieve high academic as well as all round success. If you’re looking for a private primary school there is Holy Family Primary School in Indooroopilly; St Ignatius School Toowong;
It’s always important to check the catchment for a particular address if you’re focused on your child/children attending a particular school. You can search for the school catchment by address here.
Some of the private secondary schools that are in the area are:
- Brigidine College – a Catholic girls school in Indooroopilly
- St Peters Lutheran College – a Lutheran co-educational private school in Indooroopilly
- Brisbane Boys College (BBC) in Toowong
- Amobrose Treacy – a boys Catholic school from year 4 to 12.
For more school you can search the Good School Guide here and for more in-depth information about school zones read our blog How to Find the Best School Catchment Zone in Brisbane.
There are some retail shops on Moggill Road in Taringa. For the bigger retail stores very close by is Indooroopilly Shopping Centre and also the smaller Toowong Village. Also located in these locations are multiple cafes and restaurants. There are also some smaller areas including the refurbished Hillsdon Road Centre.
We’re a small funky group of character listed shops nestled in the leafy western suburbs of Brisbane. The centre was originally one tiny shop back in the early 1930’s.
There is a new local retail area proposed for the corner of Swann and Moggill Roads providing a more marketplace feel to shop for groceries. You can have a look at the proposal here.
Parks available in Taringa include Jack Cook Memorial Park on Gailey Road which includes athletics facilities, a cricket pitch as well as a playground and outdoor fitness equipment. Oakman Park aka Toowong Sports Ground is the base for West Juniors Australian Football as well as having a bikeway, sports field, wood BBQ and playground. It was actually a sports field and venue for Penny Farthing races way back in 1880! For the history of the park the article is on Must Do Brisbane.
For the list of parks in Taringa you can have a look at the Brisbane City Council’s website here. The availability of green space is not just limited to the suburb though with easy access to neighbouring suburbs.
Locals living in Taringa either work in the universities, CBD or local retail areas and schools in the neighbouring suburbs.
The most direct driving route from Taringa to the Airport is 17.8kms. There is also the convenience of using the train and connecting with the Airtrain.
Typical Property Style
Taringa typically has a mix of stand alone houses, units and townhouses. There are leafy family friendly areas which have a mix of pre-war character homes, post-war weatherboard homes and new modern homes built on lots where the post war homes have been removed.
As stated earlier, due to Taringa’s proximity to UQ and to the CBD and QUT it is very popular with students. These students are catered for with a wide array of units and townhouses. A lot of the unit complexes are close to main roads.
Taringa is an area of increasing wealth with the weekly family income as at September 2020 at $2,466 (Queensland avg. $1,661). According to SQM research, the percentage of owner-occupiers is at 52.45% and 47.55% for renters.
The top 3 life stages for people living in Taringa are:
Independent Youth – 37.1% (Couples, Singles and Homesharers under 35);
Maturing and Established Independence – 14.1% (Singles and Homesharers aged 35-54); and
Older Independence – 10.7% (Singles and Homesharers aged 55-64).
Most Desirable Area
The most desirable areas in Taringa for owner occupier buyers are in elevated leafy streets. Home owners and investors alike seek to buy within walking distance to the train station but far enough away not to be impacted by the railway noise. Also close to shops is useful for uni students who may not have a car.
Least Desirable Area
The least desirable areas in Taringa are on the main roads as not only is there noise impact but also air quality impact. The train line also impacts part of the suburb due to the noise. The map below shows the areas effected by noise.
There is also risk of creek flooding and overland flow.
Median Price Values
The median price value for houses in Taringa as at September 2020 is $942,500 with the upper quartile price at $1,229,500 and the lower quartile price sitting at $838,750.
The median price value for units is $395,500 with the upper quartile price at $488,750 and the lower quartile price sitting at $342,250.
The capital growth rate for Taringa over the last 5 years to September 2020 has been 16.7% for houses and -0.7% for units.
The rental property vacancy rate according to SQM research at August 2020 was 4.4%
I hope this information has been helpful on your quest to buy your next property in Taringa. If you need further help to secure a property in this location we can help, please reach out by booking a discovery call through the link below to your Taringa Buyers Agents.
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