Howrah is an average performer in TAS when comparing median price capital growth over the last year. Howrah gave property investors a average capital gain figure when compared to the rest of the state, with 6.40%.
A 43.05% growth in median value for property investors in Howrah,7018 puts this suburb at number 92th in terms of best performing suburbs in TAS
Howrah7018 is located in TAS which offers an average discount of -5.70% to property investors. Howrah itself is showing figures that indicate -4.51% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Howrah the average time real estate has been on the market is 28.0609 days.
The TAS suburb of Howrah, 7018 is in the Clarence (C) local government area.
If you compare the increase in value of investment property in Howrah, 7018 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 12.19%.
A 40.68% growth in median value for property investors in Howrah,7018 puts this suburb at number 25th in terms of best performing suburbs in TAS
Situated 6.59km from the CBD, Howrah is one of Clarence (C) localities in the postcode 7018.
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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.