Herston Suburb Profile | Property Market & Development Guide | ACRES

Q: What does ACRES do?

ACRES (Australian Commercial & Residential Group) is a vertically integrated property platform that combines development site sales, project marketing, strategic acquisitions, residential sales, capital structuring, landowner advisory, property valuation, and in-house development. The business operates across South-East Queensland including Brisbane, Gold Coast, and the Sunshine Coast.

Q: What areas does ACRES cover?

ACRES operates across South-East Queensland covering Brisbane, Gold Coast, Sunshine Coast, Ipswich, Logan, Moreton Bay, and the Redlands. The business maintains suburb intelligence profiles for over 100 suburbs with detailed market data, median prices, growth trends, and planning overlays.

Q: How does ACRES sell development sites?

ACRES operates upstream of traditional agency. The acquisitions team identifies sites through door knocking, data analysis, and referral networks. Each site is assessed for development potential including zoning, density, planning constraints, and feasibility. Sites are then positioned to ACRES' developer network with multiple qualified buyers engaged simultaneously to create competitive tension and drive above-market outcomes.

Q: What is ACRES' commission structure?

ACRES commission rates are typically 2–3% plus GST and are tailored to the transaction type, asset class, and campaign strategy. Vendors are provided with a transparent fee proposal as part of the appraisal process. Contact ACRES for a tailored quote.

Q: Does ACRES offer free property valuations?

Yes. ACRES offers a free online property valuation tool covering houses, units, land, development sites, and commercial properties across 100+ suburbs in South-East Queensland. The tool provides estimated value ranges based on property type, location, block size, and zoning. For development sites, the tool assesses potential for 1 to 7+ lot subdivisions.

Q: Who are the directors of ACRES?

ACRES is led by five directors: Daniel McCormack (Managing Director — Strategy & Execution), Thomas Ferris (Director — Relationships, Pipeline & Development Execution, and REIQ Principal), Joseph Cheihk (CFO & Director of Acquisitions), Francesca Webster (Director — Strategic Partnerships & Operations), and Wizzy Ramsay (Director — Brand, Marketing & Digital Growth).

ACRES Advisory Team

Suburb Profile4006

Herston

Brisbane City Council · 2.5km north of Brisbane CBD

Median House

$1,920,000

Median Unit

$781,000

Population

4,700

Avg Land Size

480m²

From CBD

2.5km north

Proprietary ACRES Data

Herston Development Intelligence

ACRES Developer Demand Score

0/ 100

Emerging

Development Sites

0 properties tracked

Active Enquiries

0 owners in network

Recorded Offers

Amalgamation Sites

Median Land Size

—

Market Momentum

Building

ACRES is expanding its development-site coverage across Herston and the surrounding precinct.

Explore Herston & nearby

What's my Herston property worth?Brisbane City Council development guide Sell to a developer Herston development ranking Woolloongabba profile West End profile South Brisbane profile Kangaroo Point profile All suburb profiles

Property Market Insights

Key market indicators and historical price trends for Herston

Annual Growth (Houses)

+17.9%

Annual Growth (Units)

+13.9%

Rental Yield (Houses)

3.2%

Rental Yield (Units)

5.0%

Avg. Days on Market

Vacancy Rate

1.0%

5-Year House Growth

+92%

5-Year Unit Growth

+82%

Market Demand

Very High

5-Year Median Price Trend

Houses
Units

Sources: CoreLogic, PropTrack, realestate.com.au. Prices reflect rolling 12-month median. Past performance is not indicative of future results.

About Herston

Herston is a health and education precinct suburb dominated by the Royal Brisbane and Women's Hospital — Queensland's largest hospital. The suburb combines medical worker housing, heritage homes, and proximity to Victoria Park. It offers a quieter inner-city alternative while maintaining excellent connectivity to Brisbane's major employment centres.

Development Potential

Moderate to high. Development opportunity concentrates around the hospital precinct and along Herston Road. The suburb's medical workforce creates sustained demand for apartments and townhouses. Sites with proximity to the hospital command premium developer interest.

Key Zoning: Medium Density Residential, Community Facilities, Low-Medium Density

Growth Drivers

Hospital precinct employment anchor
Herston Quarter health hub development
Medical professional housing demand
QUT and education sector
Inner-city lifestyle convenience

Thinking of Selling?

ACRES provides complimentary property assessments for Herston owners. Discover your property's true development site value.

Free Assessment

Living in Herston

Infrastructure

Royal Brisbane and Women's Hospital
QUT campus nearby
Victoria Park
Herston Quarter health precinct
Brisbane Showgrounds (RNA)

Transport

Bowen Hills train station
Inner Northern Busway
Bus routes along Herston Road
Cycling paths to CBD
Inner City Bypass

Lifestyle

Victoria Park green spaces
Hospital precinct dining
Close to Fortitude Valley entertainment
Brisbane Showgrounds events
Quiet residential streets with heritage charm

Herston Location

Herston, 4006 · Brisbane City Council

What's Nearby in Herston

Schools, parks, transport, shopping and education within Herston and surrounds

Schools

Kelvin Grove State College
Herston Village Childcare

Parks & Recreation

Victoria Park
Herston Busway Park
Enoggera Creek Bikeway

Shopping

Kelvin Grove Urban Village
Coles Local Herston

Transport

Royal Brisbane Hospital Busway Station
Normanby Station
Herston Bus Stop

Universities & Colleges

University of Queensland Herston Campus
QUT Kelvin Grove (adjacent)
Royal Brisbane Hospital Research

Herston Articles

10 expert guides covering development, zoning, and market insights

View all articles

Is Your Herston Property a Development Site? Signs to Look For

Herston is one of Brisbane's most sought-after inner-city locations. Here's how to tell if your property has development potential.

What Developers Are Paying for Land in Herston

Current pricing benchmarks for development sites in Herston and what drives the numbers.

Herston Zoning Guide: What You Can Build on Your Block

A plain-English breakdown of Herston's zoning and what it means for your property's development value.

How Infrastructure Is Driving Herston Property Values

Key infrastructure and amenity driving development demand and property values in Herston.

Selling Your Herston Home to a Developer: A Complete Guide

Step-by-step process for selling your Herston property as a development site for maximum value.

Herston Development Hotspots: Where Developers Want to Buy

The specific streets and pockets within Herston attracting the strongest developer demand right now.

View All 10 Articles

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Herston Property Guides

In-depth articles about property, development, and investment in Herston

Should I Sell My Herston Property to a Developer?

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2032 Olympics Impact on Herston Property Values

Own Property in Herston?

Properties in Herston with development potential are selling for 30–100% above standard residential value. Find out if yours qualifies — no cost, no obligation.

42 property owners in Herston requested assessments this month

Request a Free Assessment

Median price data sourced from realestate.com.au (April 2025 – March 2026). Figures are indicative and based on recorded sales. Consult a licensed valuer for property-specific advice.