Suburb Profile Report for Howrah TAS (7018)

Howrah House: Median price $495,000, Annual capital growth 3.47%, Number of sales 135, Weekly median advertised rent $430

Howrah Unit: Median price $357,000, Annual capital growth 3.53%, Number of sales 39, Weekly median advertised rent $353

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Howrah has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 15.12% to date .

Howrah,7018 was ranked 1100 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Howrah is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 132th in terms of most discounted suburbs in TAS

Howrah, 7018’s gross rental yield is 4.52%

Property investors who have had real estate in Howrah, 7018 should be 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 13.33%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Howrah has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Howrah should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.

YIP MAG Information supplied by:

YIP MAG
July 2015

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For a beachside suburb that’s about six kilometres from the Hobart CBD, Howrah has a lot going for itFull summary

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.

Close
Metrics i HOUSE UNIT
$495,000 $357,000
2.06% -0.56%
15.12% 13.33%
3.47% 3.53%
$430 $353
135 39
4.52% 5.13%
17.92 40.17

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Howrah TAS
Demographics
Total population 8189
Median household income ($/weekly) 1177
Median age of persons 43
Median housing loan repayment ($/monthly) 1700
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 915 11.2
    35-44 years 1076 13.1
    45-54 years 982 12.0
    55-64 years 1194 14.6
    65-74 years 1052 12.8
    Others 2970 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 3458 55.8
    Not Married 2173 35.1
    Defacto Relationship 566 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6972 88.6
    Hong Kong 37 0.5
    Papua New Guinea 77 1.0
    United Kingdom 391 5.0
    Other 118 1.5
    Others 271 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 0.5
    Christianity 5521 73.4
    Hinduism 30 0.4
    Other Religious Groups 35 0.5
    No Religion 1890 25.1
    Others 10 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 342 11.4
    $600-$799 339 11.3
    $800-$999 284 9.5
    $1,500-$1,999 388 13.0
    $2,000-$2,499 321 10.7
    Others 1320 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2565 39.3
    Employed, worked full-time 2231 34.2
    Employed, worked part-time 1338 20.5
    Employed, away from work 240 3.7
    Unemployed, looking for work 154 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 483 12.7
    Professionals 871 22.9
    Technicians & trades workers 486 12.8
    Clerical & administrative workers 781 20.5
    Sales 396 10.4
    Others 790 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 65 4.0
    Infants/Primary 662 41.2
    Secondary 426 26.5
    Technical or Further Educational Institution 177 11.0
    University or other Tertiary Institutions 235 14.6
    Others 41 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7128 92.6
    Semi-detached, row or terrace house, townhouse 304 4.0
    Flat, unit or apartment 262 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1526 47.4
    Being purchased 1128 35.0
    Rented 552 17.1
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals