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Herston suburb profile

Herston is an inner-north Brisbane suburb centred on a prominent health and medical research precinct, anchored by the Royal Brisbane and Women's Hospital and neighbouring clinical campuses. The streets blend institutional buildings with quiet, tree-lined residential pockets where classic timber Queenslanders sit beside newer apartment developments. The area is popular with hospital staff, medical students and professionals, alongside families who value close-in living and parkland. Public transport is straightforward with a local train station and regular buses, and residents have easy access to nearby entertainment and exhibition precincts while still enjoying local cafés and everyday services.

Herston property market performance

Current median dwelling price$857,709Past 3 months

Property growth+29.4%Past 12 months

Herston has relatively few recent property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values have risen sharply, up 36.1% over the last 12 months, while unit values have also risen sharply, up 22.6% over the same period. House values rose faster than unit values.

Over the last three months 5 houses and 1 unit were sold. Houses sold faster than units, with a median days on market of 17 for houses and 33 for units over the last 12 months.

The rental market in Herston shows average house rents of $714 a week, edging down 0.8% over the last 12 months, while unit rents average $600 a week and rose a solid 9.1% over the last 12 months. Unit rents grew more strongly than house rents.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
36.1%22.6%
Sold
Past 3 months
51
Median days on market
Past 12 months
1733
Average rent
Past 12 months
$714$600
Change in rent
Past 12 months
-0.8%9.1%

5 year median price trend for houses and units

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Herston demographics

Herston is home to 2,311 people with a median age of 31. The typical household earns $2,086 a week, which is about $108,472 a year.

Household composition is dominated by couple families: 42.0% are couple families without children and 38.1% are couple families with children. One-parent families make up 17.3% of families, and other families account for 2.6%.

In Herston, renters are the largest tenure group at 59.5% of homes, while owner-occupied dwellings total 40.4% combined, with 16.6% owned outright and 23.8% owned with a mortgage.

Suburbs near Herston

Some popular suburbs near Herston include:

How does Herston compare to nearby suburbs?

  • Median house prices: Herston’s median house price is 11.9% lower than Windsor’s.
  • Median unit prices: Herston’s median unit price is 2.3% higher than Bowen Hills’s.
  • House price growth: Over the past 12 months, house prices in Herston have grown 26.8% higher than in Windsor.
  • Unit price growth: Over the past 12 months, unit prices in Herston have grown 4.0% higher than in Windsor.
  • Selling speed for houses: Properties in Herston are selling 41.4% faster than in Fortitude Valley.
  • Selling speed for units: Properties in nearby Bowen Hills are selling 36.4% faster than in Herston.
  • Investment considerations: In Herston, the rental yield for house is 0.1% higher than the Brisbane average, while the rental yield for units is 8.5% lower.
  • House price growth: Over the past 12 months, house prices in Herston have grown 51.7% higher than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Herston have grown 1.9% lower than the average rate of growth for units across Brisbane.

Choose the right real estate agents in Herston

Choosing the right real estate agent in Herston can have a big impact on your sale. While there are 23 real estate agents working in the suburb, but just 5 of them were responsible for 47.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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