Morningside

POSTAL CODE: QLD, 4170
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MORNINGSIDE ranks 946th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 3.22% for the past year is lower than average compared to its 67.08% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in MORNINGSIDE, the median home price is sitting at $1,345,000, and the average rent at $727.5, this suggests property owners could potentially earn a 2.81% increase in gross rental yield.

Property investors have seen a 3.46% gain in MORNINGSIDE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7% growth over a ten-year period. It ranks 1933rd on our list of suburbs that property investors should look into.

Surburb overview

Morningside, postcode 4170, is a suburb located approximately 7.6 kilometres east of Brisbane's central business district (CBD).

As of the 2021 census, Morningside had a population of 11,755 residents. The suburb has experienced steady growth, with the population increasing from 10,484 in 2016. The predominant age group is 20-29, reflecting a youthful demographic. Households in Morningside are primarily childless couples, with many residents working in professional occupations.

Public transportation in Morningside is well-developed, offering residents multiple commuting options. The Morningside railway station connects the suburb to the Cleveland railway line, providing regular services to the Brisbane CBD and surrounding areas. Additionally, several bus routes service the area, facilitating convenient travel within Brisbane. Major roads such as Wynnum Road enhance motorists' accessibility.

Essential establishments in Morningside include shopping centres like Morningside Central, located on the corner of Junction Road and Wynnum Road, and Colmslie Plaza on the opposite side of Junction Road. These centres offer a variety of retail and dining options, catering to the daily needs of residents. The suburb is also home to Morningside State School, a government primary school providing education from Prep to Year 6. In 2017, the school enrolled 454 students, supported by 37 teachers and 26 non-teaching staff. While there are no secondary schools within Morningside, nearby Balmoral State High School serves the community's secondary education needs.

Residents can enjoy several parks and green spaces for recreational activities. The Colmslie Recreation Reserve, located on the banks of the Brisbane River, offers facilities for picnics, sports, and leisure activities. Balmoral Park, situated close to the Morningside train station, provides open spaces for relaxation and community events. Additionally, the suburb is home to the historic Balmoral Cemetery, established in 1875, which adds cultural significance to the area.

Regarding property, the median house price in Morningside is approximately $1,306,000, with an annual capital growth of 8.83%. There were 160 house sales in the past 12 months, with properties spending an average of 18 days on the market. Rental yields for houses are currently around 3.20%, with a median weekly rent of $700. The suburb features a mix of housing types, including traditional Queenslander-style homes, modern units, and townhouses, catering to diverse preferences and budgets.

Morningside offers urban convenience and suburban tranquillity, making it an attractive option for residents and investors.

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