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Howrah
AREA REPORTS

Howrah

Howrah - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7018

house
unit

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 34.32% for the past year.

Investors saw the median home price rise to $775,001.

Profits due to an upward trend in home prices in the suburb averaged 15.11% per annum over a 3-year period.

HOWRAH now ranks at the 60th 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 $525 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 12.5 days.

In 2016, 131 properties were sold in HOWRAH during the past year, making it the 155th most active market in TAS based on total real estate transactions.

Data report can be found below

Howrah
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $775,001 $531,250
GROWTH REPORT
Median Quarterly 8.39% 1.77%
Median 12 month 34.32% 26.41%
Median 3 years 45.34% 43.58%
Median 5 years 89.02% 73.61%
10 years average annual 8.64% 6.02%
Weekly media advert. rent $525 $450
Time on Market 12.5 days 16.0 days
Gross Rental Yield Percent 3.52% 4.4%
demographics (median values)*
Total Population
21027
Weekly Household Income
1259
Household Size
2.30
Age
44
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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