St Helens is in the TOP 20% in TAS when comparing median price capital growth over the last year. St Helens gave property investors a very good capital gain figure when compared to the rest of the state, with 21.93%.
Taking the average capital gain, or increase in median house value, St Helens,7216 has racked up an average of 21.93% over the period. This ranks it number 264th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in St Helens are currently offering property investors an average price cut of -5.66% below the asking price at the moment.
At number 2963 in a list of fastest selling suburbs, St Helens is in the bottom 20% of suburbs in Australia with an average of days on market 104.571 for properties listed there.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 3.24%, investors should hope to achieve an overall return of 4.19%
St Helens has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 11.58% to date .
If we look at median property appreciation over just the last three months, St Helens has given property investors a paper return of 0.00%. This puts Suburb as 41 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.