Howrah has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 15.12% to date .
Howrah,7018 was ranked 1100 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Howrah is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 132th in terms of most discounted suburbs in TAS
Howrah, 7018’s gross rental yield is 4.52%
Property investors who have had real estate in Howrah, 7018 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.33%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Howrah has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Howrah should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.
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.