At number 1146th 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 11.53% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Howrah,7018 has racked up an average of 11.53% over the period. This ranks it number 2732th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in Howrah itself are offering an average vendor discount of -4.54% to real estate investors.
In the last year 145 properties changed hands in Howrah, which puts it as the 6th most active market in TAS when comparing the number of sales per suburb.
Advertised rents are around the $390 mark per week – giving a return of 4.88% based on the median price in Suburb
Property value increases in Howrah have tracked just higher than the TAS average of 3.47% over the last 12 months.
Howrah,7018 was ranked 883 in Australia by increase in median property value over the quarter.
Vendor discounting in Howrah is giving property investors an average Vendor Discount of around -4.49%. This puts suburb at number 33th in TAS when ranking the most discounted suburbs.
In the last year 57 properties changed hands in Howrah, which puts it as the 5th most active market in TAS when comparing the number of sales per suburb.
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.