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Howrah

POSTAL CODE: TAS, 7018
HOUSE
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HOWRAH, 7018 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in TAS have risen as a whole, pulling HOWRAH, 7018 values up and netting property investors a capital gain of 11.72% for the past year.

Investors saw the median home price rise to $810,000.

Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.

HOWRAH now ranks at the 58th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in HOWRAH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $635 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HOWRAH, homes and units usually stay on listing for an average of 37.8 days.

In 2016, 158 properties were sold in HOWRAH during the past year, making it the 133rd most active market in TAS based on total real estate transactions.

Surburb overview

Howrah, with the postcode 7018, is a picturesque suburb located approximately 10 kilometres east of Hobart’s central business district in Tasmania. Nestled along the eastern shore of the River Derwent, Howrah offers a blend of suburban tranquillity and coastal living, with convenient access to urban amenities. The population of Howrah is around 8,000 residents, comprising a diverse mix of families, professionals, and retirees, contributing to a vibrant and dynamic community.

Howrah falls under the jurisdiction of the City of Clarence, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via the Tasman Highway and South Arm Highway.

Educational facilities in Howrah include Howrah Primary School and Clarence High School, catering to the educational needs of families with children from primary through to secondary levels. For higher education, residents have access to nearby institutions such as the University of Tasmania’s Sandy Bay campus and various vocational training centres in Hobart.

For shopping and essential services, Howrah residents often visit the nearby Shoreline Plaza Shopping Centre, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Eastlands Shopping Centre in Rosny Park provides more extensive shopping and entertainment facilities, ensuring residents have convenient access to all necessary amenities.

Howrah is renowned for its recreational activities, particularly those that take advantage of its stunning coastal location. Howrah Beach is a popular destination, featuring a sandy shoreline, picnic areas, and playgrounds, making it ideal for swimming, sunbathing, and beachside recreation. The nearby Little Howrah Beach offers a more secluded spot for relaxation and coastal walks.

The suburb’s location along the River Derwent allows for various water-based activities such as kayaking, fishing, and sailing. The Howrah Bowls Club and the Howrah Recreation Centre provide additional facilities for sports and community events, contributing to the active lifestyle of the residents.

Residents of Howrah benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb’s strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including Mount Wellington and the Tasman Peninsula.

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