Investment property in Howrah has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.16%
When looking at the potential capital gains offered to property investors over the last 3 years, Howrah comes in at number 66th in TAS.
LACK OF BUYER INTEREST may well be the reason that Howrah is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 124th in terms of most discounted suburbs in TAS
Advertised rents are around the $375 mark per week – giving a return of 4.91% based on the median price in Suburb
Howrah, 7018 ranked 18th in TAS when comparing growth in median property values or capital gain over the last 12 months. Howrah is one of 606 in our list for TAS
Across a shorter period, Howrah, 7018 has seen a median price increase of 1.69% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Howrah, 7018. Typically our figures indicate that -4.37% is being offered, which puts this TAS suburb at 969th most discounted overall in Australia.
Howrah is 39th on a list of best yielding suburbs for rents in TAS with a 5.20% 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.