TAS has seen average median house prices change by 3.25% which means that Howrah, 7018 has done well for property investors by showing a capital gain of 4.72% over the last year
A 6.15% growth in median value for property investors in Howrah,7018 puts this suburb at number 41th in terms of best performing suburbs in TAS
Vendor discounting in Howrah is giving property investors an average Vendor Discount of around -4.96%. This puts suburb at number 131th in TAS when ranking the most discounted suburbs.
Advertised rents are around the $375 mark per week – giving a return of 5.02% based on the median price in Suburb
Over the last year, property investments in Howrah, 7018 have given investors a capital gain of 4.35%. This compares averagely with the 3.91% for TAS as a whole.
Comparing Howrah,7018 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Sellers are offering property buyers an average discount of -4.61% to buyers in Howrah at the moment, which is less than average for the rest of TAS.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
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.