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QLD › Morningside › Kitson St

U2, 24 Kitson St, Morningside QLD 4170

For saleUnit

$795,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $795,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $795,000(Listing record · 20 May 2026)
  • CalculationAsk is 50% below the Morningside median recorded sale ($1,600,000, n=61, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Morningside's advertised median rent ($743/wk), implied gross yield would be 4.86% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$795,000

Asking

No recorded sale for this property.

Morningside at a glance

13,023

People

$1,600,000

Median sale

$743/wk

Median rent

2.41%

Suburb gross yield

Median sale from 61 recorded sales (last 12 months) — a Districts calculation.

See the full Morningside report →

Vs Morningside

-50.3%

Median sale

Suburb $1,600,000

+2.45 pp

Gross yield

Suburb 2.41%

Suburb median $1,600,000 from 61 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$795,000
Stamp Duty (Queensland)
$28,800
Transfer/Registration Fee
$3,135
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$830,635

$35,635 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Morningside's advertised median rent — not a rent for this listing.

Net yield
3.36%
Annual cashflow (pre-tax)
$-14,629
Interest cover (DSCR)
0.65
Annual rent
$38,636
Operating expenses
$11,925
Loan amount
$636,000
Annual interest
$41,340
Gross yield
4.86%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$795,000available20 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $743/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Morningside in one glance

Morningside at a glance

13,023

People

$1,600,000

Median sale

$743/wk

Median rent

2.41%

Suburb gross yield

Median sale from 61 recorded sales (last 12 months) — a Districts calculation.

See the full Morningside report →

Keep researching

  • Why Morningside? Read the area thesis →
  • What else is on the market in Morningside →
  • Other records on Kitson St →

Listing material

Listed by Social Realty

LIGHT BRIGHT & IN AN OUTSTANDING LOCATION

Welcome to 2/24 Kitson Street, Morningside, where spacious living meets convenience. This well appointed two bedroom, two bathroom unit features a seamless flow throughout, offering spacious and comfortable living, perfect for young professionals, investors, or those seeking a vibrant lifestyle. With the additional living/study area as a bonus. Enjoy the ease of a single car garage and take advantage of transport connections right on your doorstep. Positioned in the Balmoral locale without the price tag, only a few minutes walk to popular Hawthorne and Balmoral coffee shops and restaurants.

Upon entering, you’re greeted by an open plan layout that effortlessly merges the living, dining, and kitchen spaces. The contemporary kitchen boasts ample cabinetry, making it a delight for any home chef. Each of the two bedrooms is generously sized, providing the perfect retreat for relaxation, while the master features an en suite for added privacy. Natural light floods the interiors, creating a warm and welcoming atmosphere throughout the unit.

Located just a five minute drive from the prestigious Oxford Street dining precinct, this property offers an unrivalled, connected lifestyle. Within a short six minute drive, you can find yourself at either Cannon Hill Shopping Centre or River makers, where shopping, dining, and entertainment options are abundant. Families will appreciate being in catchments for reputable schools, with excellent public transport options and vibrant parks nearby.

Read the full description

Features at a glance

Two spacious bedrooms

Two bathrooms

One car garage

Two living spaces

Open plan living and dining area

Air conditioning

Ground floor spacious outdoor area

Built in 1999

Low body corporate fees

Small complex of only 6

Within walking distance of the Morningside train station

Short drive to Cannon Hill Shopping Centre or River Makers

Brisbane CBD just 15 minutes away

Morningside State School Catchment

Balmoral State High School Catchment

Contact Andrew Oostenbrink or the team from Social Realty for more information.

DISCLAIMER: In preparing this information, we have used our best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies, or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. All information is provided as a convenience to clients.

Listing description written by Andrew Oostenbrink, Social Realty — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Ensuites: 1
  • Living Areas: 2
  • Pet-Friendly
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.