At number 3566th in the list of Australian suburbs ordered by increase in median house value over the last year, Morningside, 4170 is in the BOTTOM 20% with a property value increase of 4.39% recorded in median house prices.
Morningside,4170 was ranked 2651 in Australia by increase in median property value over the quarter.
Vendor discounting in Morningside is giving property investors an average Vendor Discount of around -3.32%. This puts suburb at number 650th in QLD when ranking the most discounted suburbs.
Using the current median advertised rental of $525 and the average annual increase in value of a median property of 3.76%, investors should hope to achieve an overall return of 3.23%
If you compare the increase in value of investment property in Morningside, 4170 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.77%.
When looking at the potential capital gains offered to property investors over the last 3 years, Morningside comes in at number 143th in QLD.
The most recent median price for Morningside is $495000, with sellers offering an average of -3.73% off the asking price.
Morningside, 4170’s gross rental yield is 4.62%