Property investors who have had real estate in Morningside, 4170 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.96%
While Morningside,4170 ranked number 602th in QLD for increase in median house value (annualised) increase, it is ranked 162th over the last 5 years.
Property investors looking for a bargain in Morningside should be aiming for at least -6.00% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 4.36km from the CBD, Morningside is one of Brisbane localities in the postcode 4170.
At number 1249th in the list of Australian suburbs ordered by increase in median house value over the last year, Morningside, 4170 is in the BOTTOM 30% with a property value increase of -3.36% recorded in median house prices.
The five-year average increase in median property values for Morningside,4170 has given property investors a potential capital gain of 8.22% across each of those five years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.73% offered to property buyers. Sellers in Morningside itself are offering an average vendor discount of -5.97% to real estate investors.
Morningside, 4170’s gross rental yield is 4.62%