AREA REPORTS

Howrah

 

 

TAS/
Howrah

Suburb Profile

Howrah - FREE 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 22.22% for the past year.

Investors saw the median home price rise to $550,000.

Profits due to an upward trend in home prices in the suburb averaged 16.42% 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 $450 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 19.4 days.

In 2016, 140 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

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 $375,379
GROWTH REPORT
Median Quarterly 3.77% 1.45%
Median 12 month 22.22% 1.45%
Median 3 years 49.25% 30.91%
Median 5 years 48.65% 33.11%
10 years average annual 4.66% 3.37%
Weekly media advert. rent $450 $360
Time on Market 19.4 days 23.3 days
Gross Rental Yield Percent 4.25% 4.99%
demographics (median values)
Total Population
7884
Weekly Household Income
1011
Household Size
2.40
demographics
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