Over the last year, property investments in Herston, 4006 have given investors a capital gain of 3.24%. This compares averagely with the 1.88% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Herston has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Herston is offering property investors an average of -7.31. This rate of discount on properties puts Suburb at number 341th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.17%, without taking into account capital value appreciation, which has been averaging out at 7.08%.
Herston has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.30% to date .
Herston,4006 has offered an average of -2.30% 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 -4.18% off the asking price, which is the average vendor discount being achieved at the moment.
A $435 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at 5.65%.