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Herston

POSTAL CODE: QLD, 4006
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HERSTON ranks 623rd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 34.16% for the past year is higher than average compared to its 105.52% growth within a five-year period.

Also in HERSTON, the median home price is sitting at $1,767,500, and the average rent at $670, this suggests property owners could potentially earn a 1.97% increase in gross rental yield.

Property investors have seen a -7.94% drop in HERSTON based on a decrease in median home prices for the past three months.

They believe that homeowners and real estate investors betting on HERSTON, 4006 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 34.16%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.21% growth over a ten-year period. It ranks 424th on our list of suburbs that property investors should look into.

Surburb overview

Herston, Queensland 4006, is an inner northern suburb of Brisbane, approximately 3 kilometres north of the city’s central business district (CBD). The suburb is known for its strong association with the healthcare and medical sectors, as it is home to the Herston Health Precinct, which includes the Royal Brisbane and Women’s Hospital, Queensland Institute of Medical Research, and the recently redeveloped Herston Quarter. The redevelopment project, overseen by the Queensland Government, is a $1.1 billion mixed-use development that includes a specialist rehabilitation and ambulatory care centre, a residential aged-care facility, a private hospital, and student accommodation.

Herston’s population was 2,216 in the 2016 census, with the predominant age group being 20-29. The suburb’s demographic profile reflects its proximity to the healthcare precinct, with many residents working in professional occupations. The median household income in Herston was approximately $1,616 per week, and most residents reported their income range as between $78,000 and $130,000 per year.

The housing market in Herston offers a variety of options, including modern apartments and traditional Queenslander homes. The median rent for houses is $650 per week, and for units, it is $600 per week, with rental yields of 3.11% and 4.28%, respectively. The suburb has consistently increased property values due to its strategic location and ongoing development projects.

Public transportation is well-established in Herston, with numerous bus routes and proximity to the Kelvin Grove campus of Queensland University of Technology (QUT). The nearby Fortitude Valley and Bowen Hills train stations also serve the area, making commuting to the CBD and other parts of Brisbane convenient.

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