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 15.66% for the past year.
Investors saw the median home price rise to $480,000.
Profits due to an upward trend in home prices in the suburb averaged 8.23% per annum over a 3-year period.
HOWRAH now ranks at the 54th 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 $420 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 16.6 days.
In 2016, 150 properties were sold in HOWRAH during the past year, making it the 143rd most active market in TAS based on total real estate transactions.
HOWRAH ranks 18th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.
HOWRAH, 7018 has a capital gain of 14.29% for the past year, which is higher than average compared to its 28.57% growth within a five-year period.
HOWRAH, 7018 ranks 287th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.29% for property investors last year.
With the median home price in HOWRAH sitting at $360,000, and the average rent at $340, property owners could potentially earn a 4.91% increase in gross rental yield.
Property investors have seen a 0% gain in HOWRAH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on HOWRAH, 7018 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 14.29%.
A survey of average capital gains or median home price increase in suburbs across the country shows that HOWRAH, 7018 obtained a 4.01% growth over a ten-year period. It ranks 830th on our list of suburbs that property investors should look into.