Suburb Profile Report for Howrah TAS (7018)

Howrah House: Median price $410,000, Annual capital growth 3.03%, Number of sales 167, Weekly median advertised rent $380

Howrah Unit: Median price $305,000, Annual capital growth 1.41%, Number of sales 49, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1058th in the list of Australian suburbs ordered by increase in median house value over the last year, Howrah, 7018 is in the top 30% with a property value increase of 10.66% recorded in median house prices.

Comparing Howrah,7018 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -5.70% to buyers in Howrah at the moment, which is less than average for the rest of TAS.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

Giving property investors a a stable capital gain of 6.83% for the last year, Howrah, 7018 is the 576th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Howrah has fallen somewhat when compared to the 5 year average annual rate.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Howrah itself are offering an average vendor discount of -4.24% to real estate investors.

Often selling an investment property can take time, and in Howrah the average time real estate has been on the market is 37.83 days.

Howrah is 34th on a list of best yielding suburbs for rents in TAS with a 5.29% return

YIP MAG Information supplied by:

YIP MAG
July 2015

M
O

W
E
For a beachside suburb that’s about six kilometres from the Hobart CBD, Howrah has a lot going for itFull summary

For a beachside suburb that’s about six kilometres from the Hobart CBD, Howrah has a lot going for it.

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.

Close
Metrics i HOUSE UNIT
$410,000 $305,000
1.86% 1.67%
10.66% 6.83%
3.03% 1.41%
$380 $310
167 49
4.82% 5.29%
37.49 37.83

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Howrah TAS
Demographics
Total population 8189
Median household income ($/weekly) 1177
Median age of persons 43
Median housing loan repayment ($/monthly) 1700
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 915 11.2
    35-44 years 1076 13.1
    45-54 years 982 12.0
    55-64 years 1194 14.6
    65-74 years 1052 12.8
    Others 2970 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 3458 55.8
    Not Married 2173 35.1
    Defacto Relationship 566 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6972 88.6
    Hong Kong 37 0.5
    Papua New Guinea 77 1.0
    United Kingdom 391 5.0
    Other 118 1.5
    Others 271 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 0.5
    Christianity 5521 73.4
    Hinduism 30 0.4
    Other Religious Groups 35 0.5
    No Religion 1890 25.1
    Others 10 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 342 11.4
    $600-$799 339 11.3
    $800-$999 284 9.5
    $1,500-$1,999 388 13.0
    $2,000-$2,499 321 10.7
    Others 1320 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2565 39.3
    Employed, worked full-time 2231 34.2
    Employed, worked part-time 1338 20.5
    Employed, away from work 240 3.7
    Unemployed, looking for work 154 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 483 12.7
    Professionals 871 22.9
    Technicians & trades workers 486 12.8
    Clerical & administrative workers 781 20.5
    Sales 396 10.4
    Others 790 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 65 4.0
    Infants/Primary 662 41.2
    Secondary 426 26.5
    Technical or Further Educational Institution 177 11.0
    University or other Tertiary Institutions 235 14.6
    Others 41 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7128 92.6
    Semi-detached, row or terrace house, townhouse 304 4.0
    Flat, unit or apartment 262 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1526 47.4
    Being purchased 1128 35.0
    Rented 552 17.1
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals