Herston is a smaller suburb in Queensland within the Brisbane local government area (postcode 4006). With a population of 2,311, the suburb has a younger, working-age population with a median age of 31. Households earn a median income of $108K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Herston sit at $1.5 million, little changed on a year ago. The current median weekly rent is $299. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,300.
Public transport access includes 3 rail stations, 20 bus stops. Healthcare facilities include 2 public hospitals. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.0% (low yield). Property prices are above the state median ($1.5M/$1.1M), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.