Howrah is an average performer in TAS when comparing median price capital growth over the last year. Howrah gave property investors a good capital gain figure when compared to the rest of the state, with 12.20%.
Over the longer term, Howrah has seen property prices show investors a 13.83% return over the last 3 years. This is worse than over the last 12 months
At number 146th of TAS’s most discounted properties, Howrah is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 12.75 sales per month, which equates to 153 per year.
Situated 6.49km from the CBD, Howrah is one of Clarence localities in the postcode 7018.
At number 747th in the list of Australian suburbs ordered by increase in median house value over the last year, Howrah, 7018 is in the top half with a property value increase of 5.83% recorded in median house prices.
The five-year average increase in median property values for Howrah,7018 has given property investors a potential capital gain of 5.31% across each of those five years.
At number 29th of TAS’s most discounted properties, Howrah is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Howrah have been waiting around 40.72 days to sell a property.
Howrah is 36th on a list of best yielding suburbs for rents in TAS with a 5.24% return
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.