Market Insights – Taringa
Market Snapshot
House
Median sale price $1,620,000^11.0%
Number of sales 53
Median Days on market 20
% Stock on market 4.14%
Unit
Median sale price $554,000^9.7%
Number of sales 158
Median Days on market 12
% Stock on market 4.00%
Taringa, nestled in the western part of Brisbane, has seen notable shifts in its real estate landscape. Proximity to the University of Queensland and Queensland University of Technology, alongside Brisbane CBD, makes it a favourite among students. Here’s a concise overview of the market trends:
Housing Market:
Taringa’s median house value has risen by 5% to $1,470,000, with the median sales price surging by 11% to $1,620,000. Despite 53 houses sold in the past year, they move swiftly, spending an average of 20 days on the market, underlining sustained demand and increasing property values.
Unit Market:
The median unit value skyrocketed by 19.4% to $612,000, while the median sales price climbed by 9.7% to $554,000. With 158 units sold in the last year and an average of 12 days on the market, Taringa’s unit market displays robust demand and rapid turnover.
Taringa continues to attract buyers with its desirable location, amenities, and strong market performance. As the real estate market in Taringa evolves, it’s essential for buyers, sellers, and investors to stay informed about these trends. Whether you’re looking to buy, sell, or invest in Taringa, understanding the market dynamics is crucial for making informed decisions.
If you need assistance navigating the Taringa real estate market or interpreting these trends for your specific goals, feel free to reach out to us. We’re here to help you make the most out of your real estate endeavours in Taringa.
Data source: CoreLogic RP Data
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