Morningside

Real estate profile

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Location

5 km east of Brisbane’s CBD.

Features

Proximity to Brisbane CBD, Morningside rail station.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $399,500.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $330. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $290.

Profile

Approximately seven kilometres east of the Brisbane CBD Morningside residents enjoy its close proximity to the City while taking advantage of the community atmosphere the suburb affords. This is a suburb that is expected to see even stronger growth in the next few years.

The population of Morningside has remained relatively stable during the 1990s, primarily due to the established nature of the suburb with a lack of vacant land suitable for new land development.

Being close to the more prestigious suburbs of Bulimba and Hawthorne but without the big price tags, a number of younger couples have moved into Morningside capitalising on the comparative affordability of housing in the suburb.

The majority of housing in Morningside was constructed during the 1950s and 1960s, including numerous weatherboard or chamferboard clad three or four bedroom houses supported by wooden stumps. However, in recent years the suburb has experienced an increase in the number of semi-detached houses and duplexes, units and townhouses.

Like many older suburbs in Brisbane, Morningside has seen a great deal of renovation activity as weatherboard workers cottages and Queenslanders are modernised or restored to their former glory.

Morningside boasts many facilities and services including a major shopping centre, railway station, private schools and numerous parks and recreational reserves.

Considering its close proximity to the City, plus the wide variety of facilities and services in the vicinity, Morningside is a suburb with a lot to offer.

According to the 2006 Census there were 8,031 people living in the suburb with a median age of 33. The median individual income was $647 per week. Of all occupied private dwellings 46.3% were either fully owned or being purchased; 44.5% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.