Property investors who have had real estate in Howrah, 7018 should be relatively 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 10.87%
A 22.50% growth in median value for property investors in Howrah,7018 puts this suburb at number 77th in terms of best performing suburbs in TAS
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Howrah, 7018. Typically our figures indicate that -1.28% is being offered, which puts this TAS suburb at 1055th most discounted overall in Australia.
Advertised rents are around the $395 mark per week – giving a return of 4.66% based on the median price in Suburb
Howrah is in the TOP 30% in TAS when comparing median price capital growth over the last year. Howrah gave property investors a good capital gain figure when compared to the rest of the state, with 17.17%.
If we look at median property appreciation over just the last three months, Howrah has given property investors a paper return of 11.59%. This puts Suburb as 4 on a list of fastest fasting appreciating suburbs in TAS
Property investors should expect to get $330 weekly from the median priced house in this suburb.
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.