With a capital gain of 9.76% for the last 12 months, Howrah, 7018 has performed for property investments than its average annual 2.88% property growth over the last 5 years.
Howrah,7018 has offered an average of 9.76% return per annum in house price rises to property investors over the last three years.
The most recent median price for Howrah is $405000, with sellers offering an average of -5.41% off the asking price.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 2.88%.
Property value increases in Howrah have tracked just higher than the TAS average of 0.89% over the last 12 months.
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.
Howrah, 7018 is offering TAS ‘s 38th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
Using the current median advertised rental of $305 and the average annual increase in value of a median property of 1.19%, investors should hope to achieve an overall return of 5.29%
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.