Investment property in Howrah has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 22.22%
Across a shorter period, Howrah, 7018 has seen a median price increase of 3.77% over the last quarter.
At number 60th of TAS’s most discounted properties, Howrah is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Howrah have been waiting around 19.44 days to sell a property.
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
Over the last year, property investments in Howrah, 7018 have given investors a capital gain of 1.45%. This compares badly with the 7.81% for TAS as a whole.
Comparing Howrah,7018 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 40 properties changed hands in Howrah, which puts it as the 14th most active market in TAS when comparing the number of sales per suburb.
Situated 6.65km 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.