Suburb Profile Report for Herston QLD (4006)

Herston House: Median price $760,000, Annual capital growth 8.33%, Number of sales 21, Weekly median advertised rent $530

Herston Unit: Median price $524,500, Annual capital growth 6.99%, Number of sales 33, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Herston, 4006 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.12%

Across a shorter period, Herston, 4006 has seen a median price increase of -1.30% over the last quarter.

Using the current median advertised rental of $530 and the average annual increase in value of a median property of 8.33%, investors should hope to achieve an overall return of 3.63%

Herston is an average performer in QLD when comparing median price capital growth over the last year. Herston gave property investors a good capital gain figure when compared to the rest of the state, with 3.40%.

Herston,4006 has offered an average of 3.40% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Herston should be aiming for at least -3.77% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $410 mark per week – giving a return of 4.06% based on the median price in Suburb

HOUSE UNIT
$760,000 $524,500
-1.30% 6.07%
3.12% 3.40%
8.33% 6.99%
$530 $410
21 33
3.63% 4.06%
N/A 79.73

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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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