Suburb Profile Report for Morningside QLD (4170)

Morningside House: Median price $778,500, Annual capital growth 4.27%, Number of sales 156, Weekly median advertised rent $530

Morningside Unit: Median price $445,000, Annual capital growth 0.42%, Number of sales 123, Weekly median advertised rent $430

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$778,500 $445,000
8.81% -1.11%
3.80% -1.11%
4.27% 0.42%
$530 $430
156 123
3.54% 5.02%
65.1052631578947 65.0322580645161

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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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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