Over the last year, property investments in Morningside, 4170 have given investors a capital gain of 3.80%. This compares favourably with the 0.88% for QLD as a whole.
Over the longer term, Morningside has seen property prices show investors a 10.43% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Morningside, 4170. Typically our figures indicate that -7.08% is being offered, which puts this QLD suburb at 1377th most discounted overall in Australia.
At number 1161 in a list of fastest selling suburbs, Morningside is in the TOP 40% of suburbs in Australia with an average of days on market 65.1053 for properties listed there.
With the median price for a house in Morningside being $778500 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 3.54%
Property value increases in Morningside have tracked close to the QLD average of -0.13% over the last 12 months.
While Morningside,4170 ranked number 205th in QLD for increase in median house value (annualised) increase, it is ranked 224th over the last 5 years.
Property investors looking for a bargain in Morningside should be aiming for at least -6.39% off the asking price, which is the average vendor discount being achieved at the moment.
At number 343 in a list of fastest selling suburbs, Morningside is in the TOP 30% of suburbs in Australia with an average of days on market 65.0323 for properties listed there.