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Herston

Key Attractions

Herston is a small, inner-city suburb located just 3 km from the Brisbane CBD. It is renowned for its proximity to key healthcare and educational institutions, including the Royal Brisbane and Women’s Hospital, Queensland Institute of Medical Research, and the QUT Kelvin Grove campus. One of the standout features of Herston is the expansive Victoria Park, which offers driving range, walking and cycling tracks, and stunning city views. The redevelopment of Victoria Park into a world-class parkland precinct has further enhanced Herston’s appeal, making it a highly desirable location for both residents and visitors.

Why Invest?

KHerston’s close proximity to the CBD, hospitals, and major universities makes it a hotspot for property investors seeking stable rental demand. The suburb has a limited housing supply, which has contributed to its strong capital growth. Herston primarily offers a mix of Queenslander homes, duplexes, and modern townhouses, providing investment opportunities for a range of property types. Planned infrastructure improvements, such as the ongoing development of Victoria Park, are set to further boost property values in the area.

Tenant Appeal

Tenants are drawn to Herston for its exceptional location and convenience. The suburb’s proximity to medical and educational institutions makes it especially popular with healthcare professionals, students, and university staff. The reliable public transport options, including bus routes and nearby train stations, make commuting a breeze. Additionally, the quiet, leafy streets and access to green spaces like Victoria Park offer a serene lifestyle despite being so close to the city. For those seeking a balance between city living and outdoor leisure, Herston ticks all the boxes.

Up to Date Rental Statistics Provided by SQM Research

All Houses Weekly Rent Index: $737.38 per week, Increase of 3.4% per annum

All Units Weekly Rent Index: $694.87 per week, Increase of 2.3% per annum

Rental Yield for Houses: 3.5%

Rental Yield for Units: 6.0%