TAS has seen average median house prices change by 4.21% which means that St Helens, 7216 has done well for property investors by showing a capital gain of -4.76% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, St Helens comes in at number 116th in TAS.
At number 58th of TAS’s most discounted properties, St Helens is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in St Helens the average time real estate has been on the market is 142.86 days.
A $242.5 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 2.29%.
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