Suburb Profile Report for Morningside QLD (4170)

Morningside House: Median price $820,000, Annual capital growth 3.92%, Number of sales 140, Weekly median advertised rent $550

Morningside Unit: Median price $455,000, Annual capital growth 0.66%, Number of sales 148, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 12.71% for the last 12 months, Morningside, 4170 has performed for property investments than its average annual 3.92% property growth over the last 5 years.

A 26.25% growth in median value for property investors in Morningside,4170 puts this suburb at number 175th in terms of best performing suburbs in QLD

The most recent median price for Morningside is $820000, with sellers offering an average of -6.99% off the asking price.

With the median price for a house in Morningside being $820000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.49%

Investment property in Morningside has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.11%

Over the longer term, Morningside has seen property prices show investors a -5.85% return over the last 3 years. This is an improvement over the last 12 months

Property buyers and investors in Morningside 4170 should be seeing an average reduction in asking price of around -5.22% . 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 $455000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.91%

Metrics i HOUSE UNIT
$820,000 $455,000
2.98% 0.25%
12.71% 1.11%
3.92% 0.66%
$550 $430
140 148
3.49% 4.91%
69.7009345794393 59.5833333333333

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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