Suburb Profile Report for Herston QLD (4006)

Herston House: Median price $836,500, Annual capital growth 9.97%, Number of sales 27, Weekly median advertised rent $505

Herston Unit: Median price $490,000, Annual capital growth 5.13%, Number of sales 30, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.11% which means that Herston, 4006 has done well for property investors by showing a capital gain of 4.56% over the last year

Our latest figures would indicate that property sellers in Herston are currently offering property investors an average price cut of -7.11% below the asking price at the moment.

At number 1832 in a list of fastest selling suburbs, Herston is just in the top half of suburbs in Australia with an average of days on market 80.5 for properties listed there.

Property value increases in Herston have tracked just lower than the QLD average of 1.12% over the last 12 months.

Over the longer term, Herston has seen property prices show investors a 16.67% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.55% to buyers in Herston at the moment, which is less than average for the rest of QLD.

Residents and property investors in Herston have been waiting around 105.3 days to sell a property.

With the median price for a house in Herston being $490000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.35%

HOUSE UNIT
$836,500 $490,000
8.64% -1.01%
4.56% -1.80%
9.97% 5.13%
$505 $410
27 30
3.14% 4.35%
80.5 105.3

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 1831
Median household income ($/weekly) 1698
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 141 7.7
    20-24 years 325 17.7
    25-34 years 447 24.4
    35-44 years 246 13.4
    45-54 years 204 11.1
    Others 469 25.6
    Age Group
    Census Count Percent(%)
    Not Married 825 62.0
    Registered Married 357 26.8
    Defacto Relationship 148 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1234 70.2
    Croatia 78 4.4
    Indonesia 41 2.3
    United Kingdom 64 3.6
    Other 151 8.6
    Others 189 10.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 2.3
    Christianity 928 55.0
    Islam 42 2.5
    Other Religious Groups 22 1.3
    No Religion 636 37.7
    Others 21 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 53 8.8
    $1,500-$1,999 73 12.1
    $2,000-$2,499 62 10.3
    $2,500-$2,999 82 13.6
    $3,000-$3,499 56 9.3
    Others 277 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 649 42.4
    Not in the labour force 433 28.3
    Employed, worked part-time 330 21.5
    Employed, away from work 60 3.9
    Unemployed, looking for work 60 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 114 11.0
    Professionals 428 41.3
    Community & personal service workers 100 9.6
    Clerical & administrative workers 144 13.9
    Sales 103 9.9
    Others 148 14.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 95 16.2
    Secondary 61 10.4
    Technical or Further Educational Institution 27 4.6
    University or other Tertiary Institutions 370 63.0
    Other type of educational institution 21 3.6
    Others 13 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 870 55.1
    Semi-detached, row or terrace house, townhouse 377 23.9
    Flat, unit or apartment 318 20.1
    House or flat attached to a shop, office 15 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 365 56.5
    Being purchased 169 26.2
    Fully owned 109 16.9
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals