Morningside has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.91% to date .
Morningside,4170 was ranked 947 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Morningside should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1155 in a list of fastest selling suburbs, Morningside is in the TOP 40% of suburbs in Australia with an average of days on market 66.3 for properties listed there.
Situated 4.32km from the CBD, Morningside is one of Brisbane localities in the postcode 4170.
QLD has seen average median house prices change by 1.70% which means that Morningside, 4170 has done well for property investors by showing a capital gain of -2.04% over the last year
Comparing Morningside,4170 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Morningside itself are offering an average vendor discount of -6.06% to real estate investors.
At number 370 in a list of fastest selling suburbs, Morningside is in the TOP 30% of suburbs in Australia with an average of days on market 58.45 for properties listed there.
Property investors should expect to get $420 weekly from the median priced house in this suburb.