Investment property in Howrah has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.93%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Howrah has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.00% to buyers in Howrah at the moment, which is less than average for the rest of TAS.
With the median price for a house in Howrah being $382250 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 5.10%
With a capital gain of 2.41% for the last 12 months, Howrah, 7018 has performed for property investments than its average annual 1.85% property growth over the last 5 years.
Over the longer term, Howrah has seen property prices show investors a 2.41% return over the last 3 years. This is the same as over the last 12 months
Sellers are offering property buyers an average discount of -4.34% to buyers in Howrah at the moment, which is less than average for the rest of TAS.
In the last year 38 properties changed hands in Howrah, which puts it as the 11th most active market in TAS when comparing the number of sales per suburb.
Situated 5.97km from the CBD, Howrah is one of Clarence localities in the postcode 7018.
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.