At number 617th in the list of Australian suburbs ordered by increase in median house value over the last year, Howrah, 7018 is in the top 20% with a property value increase of 9.89% recorded in median house prices.
While Howrah,7018 ranked number 108th in TAS for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.
Our latest figures would indicate that property sellers in Howrah are currently offering property investors an average price cut of -4.42% below the asking price at the moment.
With the median price for a house in Howrah being $532500 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 4.49%
Howrah has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 10.84% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Howrah comes in at number 14th in TAS.
At number 20 in a list of fastest selling suburbs, Howrah is in the TOP 10% of suburbs in Australia with an average of days on market 27.525 for properties listed there.
Situated 6.59km from the CBD, Howrah is one of Clarence (C) localities in the postcode 7018.
Information supplied by:
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.