Suburb Profile Report for Herston QLD (4006)

Herston House: Median price $832,500, Annual capital growth 4.85%, Number of sales 19, Weekly median advertised rent $423

Herston Unit: Median price $411,000, Annual capital growth 0.90%, Number of sales 21, Weekly median advertised rent $400

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Herston has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.38%

Across a shorter period, Herston, 4006 has seen a median price increase of 3.61% over the last quarter.

In the last year 19 properties changed hands in Herston, which puts it as the 713th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $422.5 and the average annual increase in value of a median property of 4.85%, investors should hope to achieve an overall return of 2.64%

Investment property in Herston has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.93%

Herston,4006 was ranked 146 in Australia by increase in median property value over the quarter.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 0.90%, investors should hope to achieve an overall return of 5.06%

Metrics i HOUSE UNIT
$832,500 $411,000
3.61% 6.75%
5.38% 5.93%
4.85% 0.90%
$423 $400
19 21
2.64% 5.06%
55.9375 34

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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