Over the last year, property investments in St Arnaud, 3478 have given investors a capital gain of 6.78%. This compares very favourably with the -1.79% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, St Arnaud comes in at number 417th in VIC.
The most recent median price for St Arnaud is $157500, with sellers offering an average of -8.85% off the asking price.
St Arnaud is 15th on a list of best yielding suburbs for rents in VIC with a 6.93% return
Information supplied by:
Steady growth and affordable house market
Median house price: $150,000
Three-year growth: 7.5%
Rental yield: 7.1%
Named for Jacques Leroy de Saint Arnaud, a French marshal in the Crimean War, the Victorian suburb of St Arnaud was once a gold-mining town that was first settled in the 1850s.
Historic architectures can be found along Napier Street, along with a large number of pubs. There are also many gardens – including Pioneer Park, the last Edna Walling-designed public park in Australia. Lord Nelson Park contains sports facilities and the Lord Nelson Mine, while the Queen Mary Gardens are known for its pond and exotic plant life.
St Arnaud Range National Park is a short driving distance from the suburb, and the Teddington Reservoir is found here.
Houses are very affordable here at a median price of $150,000. The market is also doing well, with a steady streak of positive growth over the five years to January 2019.