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: