Howrah has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 11.65% to date .
Across a shorter period, Howrah, 7018 has seen a median price increase of 0.81% over the last quarter.
Howrah7018 is located in TAS which offers an average discount of -6.89% to property investors. Howrah itself is showing figures that indicate -5.61% is the average achievable by property buyers investing in the suburb.
Howrah, 7018’s gross rental yield is 4.86%
Property value increases in Howrah have tracked just higher than the TAS average of 3.60% over the last 12 months.
Comparing Howrah,7018 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
The most recent median price for Howrah is $305000, with sellers offering an average of -4.08% off the asking price.
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
Information supplied by:
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.