With a capital gain of 19.86% for the last 12 months, St Helens, 7216 has performed for property investments than its average annual 5.68% property growth over the last 5 years.
Across a shorter period, St Helens, 7216 has seen a median price increase of 1.51% over the last quarter.
St Helens7216 is located in TAS which offers an average discount of -4.46% to property investors. St Helens itself is showing figures that indicate -2.88% is the average achievable by property buyers investing in the suburb.
The TAS suburb of St Helens, 7216 is in the Break O'Day (M) local government area.
St Helens is in the bottom 20% in TAS when comparing median price capital growth over the last year. St Helens gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.59%.
Taking the average capital gain, or increase in median house value, St Helens,7216 has racked up an average of -4.59% over the period. This ranks it number 430th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $255 and the average annual increase in value of a median property of 6.06%, investors should hope to achieve an overall return of 5.10%
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.