Morningside vs Newmarket
Property investment comparison - Morningside, QLD 4170 vs Newmarket, QLD 4051
Head-to-head across core investment metrics: Morningside wins 3, Newmarket wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Morningside | Newmarket |
|---|---|---|
| Median house price | $1.7M | $1.7M |
| Median unit price | $950K | $850K |
| Gross rental yield (houses) | - | 2.55% |
| Gross rental yield (units) | 3.94% | 3.75% |
| 1-year house growth | +10.4% | +10.5% |
| 3-year house growth | +37.1% | +29.5% |
| Vacancy rate | 1.2% | 1.2% |
| Population | 11,755 | 5,083 |
Morningside vs Newmarket: what the numbers say
The median house price is $1.7M in Morningside and $1.7M in Newmarket, so Morningside is the cheaper entry point.
For units, Morningside sits at a median of $950K against $850K in Newmarket, which makes Newmarket the more affordable unit market and Morningside the pricier one.
Over the past year house prices moved +10.4% in Morningside and +10.5% in Newmarket, so recent momentum favours Newmarket, although both suburbs recorded growth.
Looking back three years, Morningside houses are +37.1% and Newmarket houses +29.5%, so Morningside has compounded faster than Newmarket over the longer window.
Rental vacancy is the same in both, at 1.2%.
Morningside is the bigger suburb, with a population of 11,755 against 5,083, roughly 2.3 times the size of Newmarket; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Morningside for a lower purchase price, Newmarket for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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