With a capital gain of 2.69% for the last 12 months, St Helens, 7216 has performed for property investments than its average annual 1.18% property growth over the last 5 years.
St Helens,7216 was ranked 3045 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that St Helens is offering property investors an average of -5.69. This rate of discount on properties puts Suburb at number 48th in terms of most discounted suburbs in TAS
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
St Helens, 7216 ranked 28th 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
In the last year 13 properties changed hands in St Helens, which puts it as the 55th most active market in TAS when comparing the number of sales per suburb.
Situated 189.18km from the CBD, St Helens is one of Break O'Day localities in the postcode 7216.
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