Over the last year, property investments in St Helens, 7216 have given investors a capital gain of 8.16%. This compares averagely with the 8.18% for TAS as a whole.
Comparing St Helens,7216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 25th of TAS’s most discounted properties, St Helens is in the bottom 20% of the state/territory when listing in order of most discounted to least.
In the last year 61 properties changed hands in St Helens, which puts it as the 54th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 1.34%, investors should hope to achieve an overall return of 4.91%
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