Are you looking to purchase a home or investment property in Morningside? As a Morningside Buyers Agent, we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Morningside property purchase!
Morningside is a cosmopolitan suburb located 6km east of the Brisbane CBD. Morningside is bordered by the suburbs of Bulimba, Balmoral, Hawthorne, Norman Park, Seven Hills, Cannon Hill and Murrarie
The population of Morningside in 2016 was around 10,484 and continues to grow. 48% of households in Morningside are owner occupied and consistent predominantly of childless professional couples.
Morningside’s main shopping and cafe precinct is located along Wynnum road with larger shopping centre’s located on the corner of Wynnum and Junction roads.
Morningside is very well-connected to the city by public transport. There is a train station located on Wynnum road, as well as several convenient bus routes. Ferry access to the city can also be accessed from nearby Hawthorne and Bulimba.
The area is home to a number of great private and public schools including Cannon Hill Anglican College, Morningside State School, andBalmoral State High School
Morningside has a number of great parks and green spaces including Colmslie Recreation Reserve (located on the banks of the Brisbane river) and Balmoral Park (close to Morningside train station).
The light industrial area around Lytton road is major local employer. Many residents also commute to the Brisbane CBD for work.
Traffic noise can be an issue for properties close to major thoroughfares including Wynnum and Lytton road. Buyers should check the Brisbane City Council Flood Maps, as some areas of Morningside (especially close to the river and creeks) are susceptible to flooding.
Units and townhouses account for 61% of the properties in Morningside.
Free standing houses are mostly post-war, weatherboard homes, many of which are being removed or demolished to make way for units, townhouses and/or contemporary homes.
The median house price in Morningside is $1,250,000 which is above Brisbane’s median.
The median house price in Morningside would typically buy a 3-bedroom, 1-bathroom house on a 405 m2 block. For example: 33 Moolabar Street Morningside QLD 4170 – sold 17 Aug 2024 for $1,205,000 (click to view listing and see images below).
The median unit price in Morningside is: $695,000.
This amount would typically buy a 2-bedroom, 1 bathroom, 1 garage unit in a modern style complex but in a very good condition. For example: 6/19 Olive Street Morningside sold for for $715,000 in July 2024 (click to view listing and see images below)
In the 12 months until August 2024 house prices in Morningside have increased by 18.4%. In the last 5 years the median house price has increased by a massive 92.9%.
Units in Morningside have also performed very well, increasing by 16.7% over the last 12 months and by 70.9% over the last 5 years.
**Statistics are accurate for August 2024
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