With a capital gain of 16.67% for the last 12 months, St Arnaud, 3478 has performed for property investments than its average annual 3.25% property growth over the last 5 years.
St Arnaud,3478 has offered an average of 16.67% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in St Arnaud should be aiming for at least -9.16% off the asking price, which is the average vendor discount being achieved at the moment.
The VIC suburb of St Arnaud, 3478 is in the Northern Grampians (S) local government area.
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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.