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Morningside suburb profile

Morningside is a vibrant suburb located just 5km east of Brisbane's CBD, known for its blend of suburban tranquility and urban convenience. With a mix of character homes and modern apartments, it appeals to families, young professionals, and investors. Morningside offers excellent connectivity through public transport, including train and bus services, making commuting easy. The suburb boasts a variety of amenities, including shopping centers, cafes, and parks, providing a balanced lifestyle. Its proximity to the Brisbane River and nearby recreational areas adds to its appeal, making Morningside a sought-after location for those seeking a dynamic yet relaxed living environment.

Morningside property market performance

Morningside's property market has shown robust growth over the past 12 months, with house values increasing by 8.8% and unit values surging by 15.1%. The median house price has averaged $1.27 million, while units have reached $770,000, indicating strong demand across both property types.

Sales activity has been vibrant, with 43 houses and 41 units sold in the past three months. Properties are moving quickly, with houses spending a median of just 18 days on the market and units even faster at 12 days, reflecting high buyer interest.

The rental market in Morningside has also experienced notable changes, with house rents increasing by 4.5% and unit rents rising by 9.9% over the last 12 months, highlighting a competitive rental environment.

Median price - houses$1.30MPast 3 months

Median price - units$733KPast 3 months

Change in value - houses8.3%12 months

Change in value - units12.3%12 months

Houses sold39Past 3 months

Units sold26Past 3 months

Median DOM - houses18Past 12 months

Median DOM - units11.5Past 12 months

Average rent - houses$703Past 12 months

Average rent - units$650Past 12 months

Change in rent - houses7.7%Past 12 months

Change in rent - units12.1%Past 12 months

Morningside demographics

Morningside, located in Brisbane's inner eastern suburbs, is a vibrant and growing community known for its family-friendly atmosphere and convenient access to the city. With a population of 11,755 and a median age of 34, Morningside attracts a mix of young professionals and families who appreciate its blend of suburban tranquility and urban convenience. The suburb's proximity to the Brisbane CBD, along with its parks, schools, and shopping facilities, makes it an appealing choice for those seeking a balanced lifestyle.

Housing in Morningside is diverse, with a significant portion of properties being rented, accounting for 47.7% of the housing market. This high rental rate reflects the suburb's appeal to those seeking flexibility, including young professionals and families. Meanwhile, 36% of properties are owned with a mortgage, and 16.3% are owned outright, indicating a stable community with a mix of long-term residents and new homeowners. The suburb's family composition is varied, with 39.7% of families being couples with children and 41.8% being couples without children, highlighting its broad appeal to different family types.

Morningside's workforce is diverse, with many residents employed in professional, managerial, and administrative roles, benefiting from the suburb's proximity to Brisbane's business districts. The median total household income of $2,280 per week suggests a relatively affluent community, which is reflected in the quality of local amenities and services. Overall, Morningside offers a dynamic and welcoming environment for individuals and families looking for a well-connected and vibrant place to call home.

Morningside infrastructure, key developments and investment opportunities

Morningside is experiencing several developments that may impact its property market. The $1 billion redevelopment of Cannon Hill Shopping Centre, located just outside Morningside, is set to transform the area with new retail, dining and entertainment options upon completion in 2025. This major project is likely to boost amenities and potentially property values in neighboring Morningside.

Infrastructure improvements include upgrades to Morningside train station to improve accessibility, and plans for new cycling paths connecting Morningside to surrounding suburbs. The ongoing revitalization of nearby Oxford Street in Bulimba is also enhancing lifestyle amenities accessible to Morningside residents. While no major school upgrades are currently underway, the area remains well-served by existing public and private education options.

Morningside rental market trends

The rental market in Morningside has experienced moderate growth, with house rents increasing by 4.5% over the past year to $700 per week, while unit rents have seen a more significant rise of 9.9% to $638 per week. This suburb continues to attract renters and investors alike, thanks to its appealing blend of suburban charm and proximity to Brisbane's city center.

Suburbs near Morningside

Some popular suburbs near Morningside include:

Common questions about Morningside

  • Is Morningside a nice place to live?

    Morningside is a delightful suburb that offers a harmonious blend of suburban charm and urban convenience, making it a fantastic place to live. Its vibrant community atmosphere is complemented by a variety of amenities that cater to both families and young professionals. The suburb's proximity to Brisbane's CBD ensures that residents enjoy easy access to the city's bustling business districts, while still being able to retreat to a peaceful residential environment. Morningside is known for its welcoming vibe, with a mix of character homes and modern apartments that appeal to a diverse range of residents.

    Families will find Morningside particularly appealing due to its family-friendly environment and access to quality schools. The suburb is well-connected through public transport, including train and bus services, making commuting a breeze. Safety is generally not a major concern, contributing to the overall sense of security and community. Residents can enjoy a variety of activities, from shopping and dining at local cafes to exploring nearby parks and green spaces, offering a balanced lifestyle that caters to both relaxation and recreation.

    However, living in Morningside does come with some trade-offs. While the suburb offers a dynamic and convenient lifestyle, the ongoing developments and infrastructure improvements may lead to increased property values, potentially impacting affordability for some. Additionally, while the suburb boasts a range of amenities, those seeking a more vibrant nightlife scene might need to venture into the city or neighboring areas. Despite these considerations, Morningside remains a highly sought-after location for those seeking a vibrant, well-connected, and family-friendly place to call home.

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  • Is it expensive to live in Morningside?

    Morningside, located in Brisbane, presents a moderate to high cost of living, particularly when it comes to housing. The median house price in Morningside is approximately $1,272,500, while units are priced at around $770,000. These figures indicate a significant investment for those looking to purchase property in the area. Renting is relatively more affordable, with houses averaging $700 per week and units at $638 per week.

    When comparing these figures to the average wage in Brisbane, which is about $91,000 per year, it becomes evident that living in Morningside requires a considerable financial commitment. The median total household income in the suburb is $2,280 per week, which suggests that many residents earn above the average Brisbane wage, allowing them to manage the higher property costs.

    Overall, while Morningside offers a desirable lifestyle with its proximity to the city and a range of amenities, the cost of housing is on the higher side. If you are thinking of living in Morningside, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with residing in this vibrant suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Morningside a good place to invest?

    Morningside is shaping up to be an attractive suburb for property investment, thanks to its impressive growth in both house and unit values over the past year. With an 8.8% increase in median house values and a remarkable 15.1% rise in unit values, the suburb is clearly experiencing strong demand. This trend suggests that Morningside is appealing to a diverse range of buyers, from families seeking houses to young professionals and downsizers interested in units.

    In addition to capital growth, Morningside offers promising rental returns, with house rents increasing by 4.5% and unit rents by 9.9% over the last 12 months. This makes it a compelling choice for investors looking for both capital appreciation and rental income. The suburb's proximity to the city, coupled with its vibrant community and amenities, further enhances its appeal to renters and buyers alike.

    Overall, Morningside presents a balanced investment opportunity with strong growth potential and solid rental yields. Its recent performance in both the sales and rental markets indicates a robust demand that is likely to continue, making it a suburb worth considering for property investors.

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