At number 1273th in the list of Australian suburbs ordered by increase in median house value over the last year, Howrah, 7018 is in the top 40% with a property value increase of 8.28% recorded in median house prices.
A 10.83% growth in median value for property investors in Howrah,7018 puts this suburb at number 52th in terms of best performing suburbs in TAS
Sellers are offering property buyers an average discount of -5.24% to buyers in Howrah at the moment, which is less than average for the rest of TAS.
Residents and property investors in Howrah have been waiting around 40.29 days to sell a property.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
Investment property in Howrah has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.90%
Across a shorter period, Howrah, 7018 has seen a median price increase of 0.00% over the last quarter.
Our latest figures would indicate that property sellers in Howrah are currently offering property investors an average price cut of -3.87% below the asking price at the moment.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 1.18%, investors should hope to achieve an overall return of 5.20%
For a beachside suburb that’s about six kilometres from the Hobart CBD, Howrah has a lot going for itFull summary
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For a beachside suburb that’s about six kilometres from the Hobart CBD, Howrah has a lot going for it.Close
Let’s start with the fact that houses here have a median price of less than $400,000.
For that, you can get your hands on a three-bedroom house near Mortyn Pl or Jasmin Ct, which have the double benefit of being quiet streets yet very close to great amenities including shops, transport, schools and the beach.
In addition to having the luxury of watching the water, many residents there also benefit from stunning mountain views.
The vacancy rate of Howrah is a very low at 0.45%, according to Real Estate Investar.
The fact it has not grown a huge amount over the past five years or so makes this suburb a prime candidate for experiencing a jump in values in the medium-long term.
The gross rental yield of 5% is also good news for investors.
It is also very close to Bellerive and Rosny Park which offers a range of commercial services that residents of Howrah can take advantage of.
In Howrah itself is the Shoreline Shopping Centre and a number of schools and parks.