Howrah has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 29.59% to date .
A 53.85% growth in median value for property investors in Howrah,7018 puts this suburb at number 191th in terms of best performing suburbs in TAS
Howrah, 7018 is offering TAS ‘s 110th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.
Often selling an investment property can take time, and in Howrah the average time real estate has been on the market is 19.9213 days.
Situated 6.51km from the CBD, Howrah is one of Clarence (C) localities in the postcode 7018.
TAS has seen average median house prices change by 18.47% which means that Howrah, 7018 has done well for property investors by showing a capital gain of 25.12% over the last year
Howrah,7018 has offered an average of 25.12% return per annum in house price rises to property investors over the last three years.
At number 36th of TAS’s most discounted properties, Howrah is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $0 weekly from the median priced house in this suburb.
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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.