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Herston, QLD 4006
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,770,000
market range $1.6M-$1.9M
Median Unit
$795,000
market range $700K-$1.1M
Gross Yield (units)
3.8%
1yr Growth (houses)
+6.7%
market range -5.0% to +12.5%
Investment snapshot for Herston
Herston has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Herston market and investor summary
Herston (QLD 4006) runs a median house price of $1.8M. House prices have moved +6.7% over the past year and +32.3% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Herston: people, income and schools
Herston has a resident population of roughly 2,311, and the area has been growing steadily, up about 22% over five years. The median age is 31, younger than the national median, with renters making up 58% of households. That renter share gives landlords a deep tenant pool to draw on through the year.
Households here earn a median of about $108,000 a year, or roughly $2,090 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 16.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 83 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 2.2 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 74 for walkability and 54 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Basement (vectored or non-vectored).
- Population
- 2,311
- +22% over 5yr
- Median age
- 31 years
- Median household income
- $108,000/yr
- Households renting
- 58%
- Family households
- 55%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 83
- avg ICSEA 1182
- Unemployment
- 4.0%
- Distance to CBD
- 2.2 km
- Walk score
- 74/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Herston
View all →Frequently asked questions about Herston
What should I check before investing in Herston?
Herston has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +6.7% in the past year shows positive recent price momentum. 3-year capital growth of +32.3% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Herston?
The median property price in Herston, QLD 4006 is $1.8M for houses and $795K for units.
What rental yield does Herston show?
The gross rental yield in Herston is 3.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Herston?
House prices in Herston are up 6.7% over the past year and up 32.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Herston?
The current vacancy rate in Herston is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Herston?
Herston has a population of approximately 2,311 residents, with a median age of 31.
What schools are near Herston?
There are 83 schools within roughly 5km of Herston. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Herston affordable to buy in?
A median house in Herston costs about 16.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Herston's population growing?
The population of Herston has grown about 22% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Herston from the CBD?
Herston is about 2.2 km from the CBD.
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