St Helens has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 0.88% to date .
A 18.75% growth in median value for property investors in St Helens,7216 puts this suburb at number 78th in terms of best performing suburbs in TAS
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in St Helens itself are offering an average vendor discount of -5.59% to real estate investors.
Situated 189.01km from the CBD, St Helens is one of Break O'Day (M) localities in the postcode 7216.
St Helens, 7216 ranked 8th in TAS when comparing growth in median property values or capital gain over the last 12 months. St Helens is one of 606 in our list for TAS
If we look at median property appreciation over just the last three months, St Helens has given property investors a paper return of 5.60%. This puts Suburb as 11 on a list of fastest fasting appreciating suburbs in TAS
Information supplied by:
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.