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: 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

ACRES — Australian Commercial & Residential GroupACRES is a vertically integrated property platform headquartered in Brisbane, Queensland. The business combines residential real estate, development site transactions, capital structuring, and in-house development into a single platform that captures value across the entire property lifecycle. ACRES operates across South-East Queensland covering Brisbane, Gold Coast, Sunshine Coast, Ipswich, Logan, Moreton Bay, and the Redlands.Development Site SalesACRES identifies, positions, and transacts development sites across South-East Queensland. The acquisitions team proactively sources sites through door knocking, direct outreach, data analysis, and referral networks. Each site is assessed for development potential through comprehensive zoning review, highest-and-best-use analysis, and feasibility assessment covering density, planning constraints, infrastructure proximity, and development yield. Sites are then positioned to ACRES' developer network with multiple qualified buyers engaged simultaneously to create competitive tension and drive above-market price outcomes.Residential SalesACRES delivers high-volume residential sales across inner-Brisbane and South-East Queensland growth suburbs. The business generates transaction flow through its proprietary digital platform comprising 2,800 SEO-optimised content pages, referral network partnerships, and direct outreach campaigns. Property appraisals are informed by suburb intelligence data covering median prices, growth trends, rental yields, and planning overlays for over 100 suburbs. Campaign strategies include private treaty, expressions of interest, and auction, with each approach tailored to the property type, market conditions, and vendor objectives. Commission rates are 2 to 3 percent plus GST.Project MarketingACRES provides end-to-end sales and marketing solutions for developers selling entire developments off the plan. Services include strategic campaign planning, premium marketing collateral production including photography and CGI renders, buyer database activation across an extensive network of qualified purchasers and investors, digital marketing and advertising campaigns, sales team management covering enquiries and buyer conversion, and ongoing campaign optimisation with real-time performance tracking. Commission rates are 2 to 3 percent plus GST of the gross development value.Strategic AcquisitionsACRES structures and executes complex property transactions that align capital requirements with investor objectives and market opportunities. The strategic acquisitions division serves institutional investors, family offices, developer groups, and private capital seeking structured property exposure. Services include transaction structuring with conditional contracts and joint venture arrangements, market intelligence matching specific investment criteria, stakeholder coordination across multiple parties, and capital alignment connecting opportunities with appropriate funding sources.Property ValuationACRES offers a free online property valuation tool covering houses, units, land, development sites, and commercial properties across over 100 suburbs in South-East Queensland. The valuation tool provides estimated value ranges based on property type, location, block size, and zoning category. For development sites, the tool assesses potential for 1 to 7 or more lot subdivisions with calibrated pricing models informed by comparable sales data and current market conditions.Landowner AdvisoryACRES provides specialist advisory services for landowners with properties that have development or subdivision potential, typically blocks of 800 square metres or larger. Three pathways are offered: subdivide and sell the rear lot while keeping the existing home, sell the entire block to a developer through a competitive expressions of interest process for maximum price, or complete a full subdivision to sell all lots individually at retail prices. ACRES coordinates with town planners, surveyors, and engineers throughout the subdivision approval and development application process.Contact ACRESPhone: 07 3096 0542. Email: info@acres.au. Website: acres.au. ACRES is led by Daniel McCormack (Managing Director), Thomas Ferris (Director of Developments and REIQ Principal), Joseph Cheihk (CFO and Director of Acquisitions), Francesca Webster (Director of Strategic Partnerships and Operations), and Wizzy Ramsay (Director of Brand, Marketing and Digital Growth).

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

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.

Live market snapshot

Recent Herston sales

Refreshed 27 May 2026

Live aggregate from 25 recorded sales in the last 12 months. Source: Australian Realty data hub via realestate.com.au.

Median sold

$1.25M

Average sold

$1.42M

Lowest

$0.55M

Highest

$3.41M

$1.35MSold May 2026

34 Fleming Road, Herston QLD 4006

3 bed· 1 bath· 2 carhouse

View on listing portal →

$1.83MSold May 2026

15 Scott Road, Herston QLD 4006

4 bed· 3 bath· 2 carhouse

View on listing portal →

$1.72MSold Apr 2026

7 Gould Place, Herston QLD 4006

3 bed· 2 bath· 2 carhouse

View on listing portal →

Contact agentSold Apr 2026

17/184 Herston Road, Herston QLD 4006

2 bed· 1 bath· 1 carunit

View on listing portal →

$1.66MSold Apr 2026

51 Hetherington Street, Herston QLD 4006

3 bed· 1 bath· 2 carhouse

View on listing portal →

Contact agentSold Apr 2026

4/5-7 Fleming Road, Herston QLD 4006

3 bed· 2 bath· 1 cartownhouse

View on listing portal →

Personal estimate

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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.

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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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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

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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.