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QLD › Morningside › Wynnum Rd

U5, 464 Wynnum Rd, Morningside QLD 4170

For saleUnit

$699,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

67 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $699,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $699,000(Listing record · 12 Aug 2026)
  • FactLand 67 m²; no building size recorded.(Property record)
  • CalculationAsk is 56% 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 5.53% — 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

$699,000

Asking · $10,433/m² of land

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

-56.3%

Median sale

Suburb $1,600,000

+3.12 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
$699,000
Stamp Duty (Queensland)
$24,480
Transfer/Registration Fee
$2,669
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
$729,849

$30,849 on top of the price (4.4% 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
4.03%
Annual cashflow (pre-tax)
$-8,197
Interest cover (DSCR)
0.77
Annual rent
$38,636
Operating expenses
$10,485
Loan amount
$559,200
Annual interest
$36,348
Gross yield
5.53%

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$699,000available12 Aug 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 5.5%. 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 Wynnum Rd →

Listing material

Listed by Harcourts Pinnacle - Aspley

Low-Maintenance Living in the Heart of Morningside

Tucked away in a boutique complex of just five, this tidy two-bedroom unit offers the perfect opportunity for first home buyers, downsizers or investors alike. Vacant and ready for immediate move-in, this well-presented home combines everyday comfort with an unbeatable location.

Set on the upper level, the open-plan living and dining area flows out to a balcony, creating a bright and relaxed space to unwind. Air-conditioning to the living area and main bedroom keep things comfortable year-round. The kitchen offers ample bench and cupboard space, while both bedrooms are generously sized and fitted with built-in robes. A central bathroom services the home, complemented by a single lock-up garage, offering secure off-street parking.

Freshly presented throughout, this home is neat, comfortable and completely move-in ready — simply unpack and enjoy. Whether you're entering the market, adding to your portfolio, or looking to simplify, this Morningside unit ticks all the boxes.

Read the full description

Property features include:

• Two well-proportioned bedrooms, both with built-in robes and ceiling fans

• Open-plan living and dining area with ceiling fan and air-conditioning, opening to a balcony

• Functional kitchen with ample storage

• Central bathroom

• Single lock-up garage

• Located in a small, well-maintained complex of only 5 units

• Vacant and ready for a quick settlement

What our sellers love about living in Morningside:

• Genuinely close to everything — positioned roughly halfway between the Sunshine Coast and the Gold Coast for easy weekend getaways

• A five-minute drive to the freeway, the city and the train

• Great local cafés on the doorstep

• The ferry for a scenic run into town

• Bulimba markets just around the corner

• Cannon Hill Plaza nearby for all the everyday shopping

• A close-knit, friendly community

Location:

• 30 m walk to Bus Stop

• 250 m walk to Morningside Station

• 1.5 km to Morningside Central Shops

• 1 km to Lourdes Hill College

• 1.4 km to Morningside State School

• 2.7 km to Balmoral State High School

Positioned in one of Brisbane's most tightly held inner-city suburbs, this address places you within easy reach of Morningside Station, Cannon Hill Station and Morningside Central, with Brisbane CBD only a short commute away. Families are well catered for with Morningside State School, Balmoral State High School and Lourdes Hill College nearby.

Listing description written by Catherine White, Harcourts Pinnacle - Aspley — reproduced as published, not verified by Districts.

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.