18/62 Richmond Road, Morningside QLD 4170

18/62 Richmond Road, Morningside QLD 4170
Apartments in this complex | 2-bed 2-bath configuration | Strong rental demand | Modern inner-east location This unit sits within a contemporary apartment complex on Richmond Road, a corridor that blends older detached homes with newer medium-density stock. The 2-bed, 2-bath, 1-car layout is the most sought-after configuration in this pocket of Morningside, appealing to both owner-occupiers wanting low-maintenance living and investors chasing reliable tenant interest. The building’s positioning offers convenient access to transport, shops, and schools, which supports steady resale interest. For a professional couple or small family, this represents a practical entry into an established suburb with solid lifestyle fundamentals. The value of this property may be shaped by its floor level, aspect, and internal finishes, none of which are confirmed but will influence how it compares to similar units in the complex. Rental returns appear healthy based on same-building activity, which may support investor confidence. The lack of land and shared-wall living may limit capital growth compared to houses, but the apartment market here has shown resilience. Buyers should weigh the trade-off between lower entry cost and long-term appreciation potential when forming their price view.
Detailed Independent Property Report prepared  by PropCred Analyst team for 18/62 Richmond Road, Morningside QLD 4170
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk ! 1
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Market Insight

Morningside is an established inner-Brisbane suburb, tightly held with 16 parks and a 12.2% population jump since 2016. Demand comes from high-income professional couples, mostly owner-occupiers with mortgages. House prices have flattened: medians range $1.3M–$1.54M, growth 1.8–3.2% annually, selling in ~20 days. Units are outperforming, rising 16–17.6% to a median near $870k–$910k, as buyers seek lower entry points. Over five years, houses gained 71% and units 102%, and KPMG’s 11% Brisbane price forecast through 2026 points to continued appreciation. Key constraints are affordability and rate sensitivity: 68% of owners hold mortgages, and the unit rally signals price resistance at the top of the house market. With only 121–173 house sales per year, thin supply may intensify both upside and downside moves.
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PropCred Estimated Value

Comparable Sales: Similar 2-bed units in Morningside sold between $720K–$780K | Property Price Band: $700K–$800K | Value Drivers: floor level, internal condition, complex quality, proximity to transport

Bedrooms

2

Bathroom

2

Parking

1

Land

82m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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