Giving property investors a a stable capital gain of 12.10% for the last year, Howrah, 7018 is the 1134th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Howrah comes in at number 85th in TAS.
Property investors looking for a bargain in Howrah should be aiming for at least -4.19% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Howrah the average time real estate has been on the market is 31.12 days.
The TAS suburb of Howrah, 7018 is in the Clarence local government area.
Giving property investors a a stable capital gain of 6.54% for the last year, Howrah, 7018 is the 652th highest performer in Australia in this respect.
Comparing Howrah,7018 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Howrah is offering property investors an average of -5.16. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in TAS
At number 172 in a list of fastest selling suburbs, Howrah is in the TOP 20% of suburbs in Australia with an average of days on market 42.18 for properties listed there.
With the median price for a house in Howrah being $317500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.24%
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.