With a capital gain of 10.36% for the last 12 months, Howrah, 7018 has performed for property investments than its average annual 3.04% property growth over the last 5 years.
A 16.31% growth in median value for property investors in Howrah,7018 puts this suburb at number 65th in terms of best performing suburbs in TAS
Property buyers and investors in Howrah 7018 should be seeing an average reduction in asking price of around -5.36% . This means that Howrah is holding prices well when compared to other suburbs in TAS.
Howrah, 7018’s gross rental yield is 4.82%
Howrah has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 4.95% to date .
If we look at median property appreciation over just the last three months, Howrah has given property investors a paper return of 0.13%. This puts Suburb as 29 on a list of fastest fasting appreciating suburbs in TAS
Property investors looking for a bargain in Howrah should be aiming for at least -4.13% off the asking price, which is the average vendor discount being achieved at the moment.
The TAS suburb of Howrah, 7018 is in the Clarence local government area.
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.