For buyers it is the suburb that still has entry points, which is exactly why it moves so fast. Twenty two days to sell and a -2.5% vendor discount. If you are waiting to think about it here, you have usually already lost it.
Our patch / Morningside 4170
Morningside turns over faster than any of the river suburbs on this list: 147 house sales in the year to June 2026, close to double Balmoral's 75. It is also the youngest of the six, with a median age of 34 and just over half the homes owner occupied.
The numbers
Every figure on this page is Cotality's, for the twelve months to June 2026, and we have left it as published rather than rounding it into a nicer shape. The median is the middle sale price, not an average, and not a valuation.
Kaló haus found here
9
Median house price
$1,600,000
Houses sold, 12 months
147
Days on market
22
Median unit price
$948,500
Cotality, data to June 2026. Brisbane is the whole council area.
Cotality, data to June 2026. Brisbane is the whole council area.
Median house, a year earlier
$1,300,000 in the twelve months to June 2025
Change in median value
+8.8% over twelve months. This is Cotality's valuation series, which runs on a different base from the median sale price above, so the two will not agree and are not meant to.
Vendor discount
-2.5% from the asking price, typically
Units
$948,500 median, 154 sales, 12 days to sell
In context
Cotality, data to June or July 2026 depending on the suburb. The periods are not identical, so read this as the order rather than the gap.
The rest of the patch
We have bought right across Brisbane, 306 kaló haus in 108 suburbs, and we will happily work anywhere in the city. This patch is simply where we have done it most often, and the whole of it is on Our patch.
Who lives here
51%
Owner occupied
49%
Rented
$800
Median weekly rent, house
$700
Median weekly rent, unit
2.6%
Gross yield, house
3.8%
Gross yield, unit
11,755
Population
34
Median age
$119K
Median household income
Tenure, population, age and household income are ABS Census 2021. Rents are the Cotality median weekly asking rent, read November 2026, with periods running from June to October 2026 depending on the suburb. Gross yield is the annualised rent against the median sale price on this page, before costs, so it is a comparison between suburbs rather than a forecast of your return. A thin rental market moves these figures around, and where a suburb has too few sales to mean anything the line is left out rather than filled in.
Before you buy here
Morningside is named among the riverside suburbs affected in February 2022. It is not a river frontage suburb and much of it sits well back, but overland flow is its own question and does not follow the river line, so the FloodWise report is still the first document we read.
Brisbane City Council publishes flood risk address by address through the FloodWise Property Report. There is no suburb level answer, and anyone who gives you one is guessing. Council's creek mapping was last updated in September 2024, so older advice may be out of date.
Roads, rail and river
Train
Morningside station, 1.2km, Cleveland line, rebuilt and reopened December 2024. Cannon Hill 1.9km
Ferry
Hawthorne terminal, 2.2km
Bus
216, 221, 227, 228, 235 and 236 through the station
Road
7.7km to the CBD
State school catchments
Primary
Morningside State School, Murarrie State School and Cannon Hill State School
Secondary
Balmoral State High School
Catchments follow streets, not suburb boundaries, and Morningside falls across more than one. Confirm your exact zone by street address on EdMap before you let a catchment decide anything. We do this on every property.
What’s coming
Plenty gets talked about at an open home as though it were settled. Each item below carries the stage it is actually at, because the difference between a project under construction and one somebody has merely lodged is the difference between a reason to buy and a reason to wait.
Colmslie industrial precinct review
Council is reviewing the industrial land across Morningside, Bulimba and Murarrie. There is no draft yet, but it is the rezoning most likely to change what this pocket looks like over the next decade.
Cannon Hill centre renewal plan
First consultation is open now, a draft is due early 2027 and adoption into City Plan is expected mid to late 2027. It borders Morningside and will shape heights nearby.
Two things get quoted at open homes across all of Brisbane and both are worth getting right. Cross River Rail is now expected to carry its first passengers in 2029, not 2026, and its four new stations are Boggo Road, Woolloongabba, Albert Street and Roma Street, so most of the eastern suburbs gain network capacity rather than a station. And the 2032 main stadium is at Victoria Park: the Gabba rebuild was abandoned in March 2025 and the athletes village moved from Northshore Hamilton to Bowen Hills.
Checked 27 October 2026. Development status changes constantly, so we check every one of these again before you make an offer rather than trusting this page.
For buyers it is the suburb that still has entry points, which is exactly why it moves so fast. Twenty two days to sell and a -2.5% vendor discount. If you are waiting to think about it here, you have usually already lost it.
The market now
The medians above cover the twelve months to June 2026, and Brisbane has turned since. Cotality has the city down 1.5 per cent in September 2026 and 4.7 per cent across the quarter, a sixth consecutive monthly fall, leaving values close to 6 per cent below the peak they reached in May. Annual growth was revised down from 10.8 per cent to 5.9 per cent in a single release.
Here is the clearest measure of how far it has turned. A year ago a house in Brisbane sold in a median 17 days. It now takes 38. The figure for Morningside above is a median across the twelve months to June 2026, not today, which is exactly why a twelve month median is the wrong thing to buy off on its own. Total listings are up more than 60 per cent while new listings have fallen, sales are down about 27 per cent on the same quarter last year, and in the week to 24 October only 21 per cent of Brisbane auctions sold under the hammer. A hundred and seventeen passed in. Every one of those is a conversation rather than a contest.
Two other things are shaping who you are bidding against. The cash rate has been at 4.6 per cent since the end of September, and from July 2027 negative gearing on residential property is limited to new builds while the fifty per cent capital gains discount is replaced by indexation plus a minimum tax. Both are law, neither touches the main residence exemption, and your accountant is the right person to advise you on your own position. The effect we see at inspections is fewer investors in the room.
What all of that means for a buyer here: a twelve month median is a rear view mirror, and right now it is flattering. There is more stock, more time, and more room to negotiate than there has been in four years.
Cotality Monthly Housing Chart Pack, October 2026; Domain auction results, week to 24 October 2026, preliminary; Reserve Bank of Australia; Australian Taxation Office. Read on 27 October 2026 and superseded by the November release.
An hour, no charge, and no commitment at the end of it. If we cannot add value to your search in Morningside, we will say so on the call.