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
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.