Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Herston are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Herston classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Herston requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|UNIT 4, 186 BUTTERFIELD ST, HERSTON, QLD, 4006||3||2||2||Sold for $562,500|
|22 FLEMING RD, HERSTON, QLD, 4006||3||1||2||Auction|
None within suburb boundary(While the above schools are located with the suburb of Herston there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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