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Herston

Real estate profile

Location

2 km from CBD.

Features

Royal Brisbane Hospital, Ballymore Park.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $460,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $390. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $375.

Profile

Just over 2 kilometres from the Brisbane CBD and home to the Royal Brisbane Hospital and Ballymore Park, Herston has maintained its popularity with buyers over the last five years.

The trend toward inner city living has resulted in a demand for housing in the area and in turn an inrease in the number of higher density unit and townhouse complexes, although there is still a high proportion of older styles homes in the suburb.

Popular with health professionals for its easy access to the hospital Herston is bordered by Spring Hill, Bowen Hills, Wilston and Kelvin Grove.

These suburbs along with the City centre, Lutwyche and Newmarket provide Herston residents with major supermarket and retail shopping facilities as well as public and private schools.

University students are also a common sight around Herston with the University of Queensland Medical School located alongside the Hospital and the Queensland University of Technology Kelvin Grove Campus also nearby.

Raisy Park along Enoggera Creek has bike and walkways for residents, while Downey Park is also nearby in neighbouring Wilston. Victoria Park is also a popular spot for picnic and the occasional golf shot.

Although Herston does not have a train station (the closest is Bowen Hills) regular bus routes into and out of the City Centre and to major shopping centres in the area ensure that the daily commute is hassle free.

The continuing trend towards inner city living will ensure Herston's popularity among not only health professionals but also among students, and young professionals looking for easy access to employment.

According to the 2006 Census there were 1,795 people living in the suburb with a median age of 29. The median individual income was $537 per week. Of all occupied private dwellings 40.2% were either fully owned or being purchased; 52.7% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Herston information

History

Learn about the Aboriginal history, urban development, notable residents and landmarks of the area.

Pocket Neighbourhood Guide

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