Suburb Profile Report for Howrah TAS (7018)

Howrah House: Median price $416,000, Annual capital growth 2.70%, Number of sales 145, Weekly median advertised rent $390

Howrah Unit: Median price $317,500, Annual capital growth 1.97%, Number of sales 57, 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 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.

YIP MAG Information supplied by:

YIP MAG
July 2015

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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
$416,000 $317,500
1.19% 0.79%
11.53% 7.63%
2.70% 1.97%
$390 $310
145 57
4.88% 5.08%
32.17 40.44

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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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
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