Over the last year, property investments in Herston, 4006 have given investors a capital gain of 9.18%. This compares very favourably with the 2.38% for QLD as a whole.
Taking the average capital gain, or increase in median house value, Herston,4006 has racked up an average of 9.18% over the period. This ranks it number 1083th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Herston is $862500, with sellers offering an average of -9.43% off the asking price.
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
Advertised rents are around the $495 mark per week – giving a return of 2.98% based on the median price in Suburb
Property investors who have had real estate in Herston, 4006 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.40%
The five-year average increase in median property values for Herston,4006 has given property investors a potential capital gain of 4.89% across each of those five years.
Our latest figures would indicate that property sellers in Herston are currently offering property investors an average price cut of -6.73% below the asking price at the moment.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 4.84%, investors should hope to achieve an overall return of 4.31%