Howrah is in the bottom 40% in TAS when comparing median price capital growth over the last year. Howrah gave property investors a disappointing capital gain figure when compared to the rest of the state, with 6.69%.
The five-year average increase in median property values for Howrah,7018 has given property investors a potential capital gain of 46.18% across each of those five years.
Property buyers and investors in Howrah 7018 should be seeing an average reduction in asking price of around -4.18% . This means that Howrah is holding prices well when compared to other suburbs in TAS.
At number 24 in a list of fastest selling suburbs, Howrah is in the TOP 10% of suburbs in Australia with an average of days on market 26.8879 for properties listed there.
Advertised rents are around the $489 mark per week – giving a return of 4.52% based on the median price in Suburb
With a capital gain of 3.70% for the last 12 months, Howrah, 7018 has performed for property investments than its average annual 4.33% property growth over the last 5 years.
Howrah,7018 has offered an average of 3.70% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.
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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.