At number 1206th in the list of Australian suburbs ordered by increase in median house value over the last year, Herston, 4006 is in the top 30% with a property value increase of 11.54% recorded in median house prices.
Sellers are offering property buyers an average discount of -9.43% to buyers in Herston at the moment, which is less than average for the rest of QLD.
A $545 per week rent on the median house gives suburb investors a gross yield of circa 3.26%, without taking into account capital value appreciation, which has been averaging out at 9.12%.
If you compare the increase in value of investment property in Herston, 4006 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -12.83%.
Herston,4006 has offered an average of -12.83% return per annum in house price rises to property investors over the last three years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.08% offered to property buyers. Sellers in Herston itself are offering an average vendor discount of -8.66% to real estate investors.
Advertised rents are around the $400 mark per week – giving a return of 4.78% based on the median price in Suburb