Suburb Profile Report for Morningside QLD (4170)

Morningside House: Median price $795,500, Annual capital growth 5.93%, Number of sales 153, Weekly median advertised rent $495

Morningside Unit: Median price $480,000, Annual capital growth 3.29%, Number of sales 203, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 13.64% for the last year, Morningside, 4170 is the 879th highest performer in Australia in this respect.

Over the longer term, Morningside has seen property prices show investors a 29.56% return over the last 3 years. This is worse than over the last 12 months

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.10% offered to property buyers. Sellers in Morningside itself are offering an average vendor discount of -5.11% to real estate investors.

Morningside is 698th on a list of best yielding suburbs for rents in QLD with a 3.24% return

Over the last year, property investments in Morningside, 4170 have given investors a capital gain of -1.03%. This compares badly with the 0.66% for QLD as a whole.

Morningside,4170 was ranked 1246 in Australia by increase in median property value over the quarter.

Property buyers and investors in Morningside 4170 should be seeing an average reduction in asking price of around -5.82% . This means that Morningside is holding prices well when compared to other suburbs in QLD.

With the median price for a house in Morningside being $480000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.55%

Metrics i HOUSE UNIT
$795,500 $480,000
3.18% -1.03%
13.64% -1.03%
5.93% 3.29%
$495 $420
153 203
3.24% 4.55%
70.42 72.4

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 9399
Median household income ($/weekly) 1696
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 781 8.3
    20-24 years 998 10.6
    25-34 years 2482 26.4
    35-44 years 1606 17.1
    45-54 years 1029 10.9
    Others 2503 26.6
    Age Group
    Census Count Percent(%)
    Not Married 3685 50.0
    Registered Married 2522 34.3
    Defacto Relationship 1156 15.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6702 74.7
    Indonesia 134 1.5
    Papua New Guinea 451 5.0
    United Kingdom 465 5.2
    Other 369 4.1
    Others 847 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 2.2
    Christianity 5519 64.2
    Hinduism 100 1.2
    Other Religious Groups 102 1.2
    No Religion 2618 30.4
    Others 68 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 277 7.7
    $1,250-$1,499 292 8.1
    $1,500-$1,999 484 13.5
    $2,000-$2,499 394 11.0
    $2,500-$2,999 469 13.0
    Others 1680 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4194 54.8
    Not in the labour force 1591 20.8
    Employed, worked part-time 1348 17.6
    Employed, away from work 276 3.6
    Unemployed, looking for work 239 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 769 13.2
    Professionals 1746 30.0
    Technicians & trades workers 675 11.6
    Community & personal service workers 513 8.8
    Clerical & administrative workers 970 16.7
    Others 1146 19.7
    Occupation
    Census Count Percent(%)
    Pre-school 113 5.9
    Infants/Primary 523 27.1
    Secondary 321 16.6
    Technical or Further Educational Institution 227 11.8
    University or other Tertiary Institutions 640 33.2
    Others 105 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4958 55.7
    Semi-detached, row or terrace house, townhouse 2392 26.9
    Flat, unit or apartment 1532 17.2
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1980 50.8
    Being purchased 1228 31.5
    Fully owned 678 17.4
    Other tenure type 12 0.3
    Tenure Type
Census 2011, ABS
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