At number 1960th in the list of Australian suburbs ordered by increase in median house value over the last year, St Helens, 7216 is in the top half with a property value increase of 6.12% recorded in median house prices.
Comparing St Helens,7216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -8.34% to buyers in St Helens at the moment, which is less than average for the rest of TAS.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
Advertised rents are around the $255 mark per week – giving a return of 5.10% based on the median price in Suburb
St Helens' position on the Tasman Highway makes it convenient for a long drive to Launceston. This accessibility could account for St Helens consistent growth over the recent five-year period, with price increases peaking at 10.6% over the December 2016 quarter.Full summary
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Fishing town hooks buyers
Median house price: $260,000
Three-year growth: 7.22%
Rental yield: 4.80%
The suburb of St Helens is located in the biggest town on Tasmania’s northeast coast. It is known for game fishing and its abundance of oysters.
The suburb’s position on the Tasman Highway makes it convenient for a long drive to Launceston. This accessibility could account for St Helens consistent growth over the recent five-year period, with price increases peaking at 10.6% over the December 2016 quarter. Houses are also quite affordable in this area, with a median price of just $260,000. Investors can also recover nicely with a reasonable average yield of 4.8% on rents.
St Helens has a thriving tourism industry due to its waterside location and proximity to beaches. The suburb is adjacent to the St Helens Important Bird Area, a protected site where seabirds and waders breed. The timber sector also supports the local economy. The town offers various dining options and shops.Close