All About Howrah, Clarence, TAS, 7018

Howrah, a suburb located in the city of Clarence, Tasmania, offers a unique blend of coastal charm and urban convenience, which has influenced its housing market significantly. In recent years, the demand for properties in Howrah has been on the rise, driven by its picturesque settings along the eastern shore of the Derwent River and its proximity to Hobart, just a short drive away. The market primarily consists of a mix of established homes, modern new builds, and apartment complexes, catering to a diverse range of buyers, from young families seeking spacious homes with yards to retirees looking for low-maintenance living options. Home prices in Howrah have generally seen a steady appreciation, reflecting both its desirability as a residential area and broader trends in the Tasmanian property market, characterized by limited supply and increased demand from both locals and interstate buyers.

Living in Howrah offers residents a lifestyle that encompasses the best of both worlds: natural beauty and convenient amenities. The suburb boasts stunning views of the river and Mount Wellington, with numerous parks, walking tracks, and beaches that make it a haven for outdoor enthusiasts. Howrah's community is tight-knit and welcoming, with ample facilities such as schools, shopping centers, and healthcare services that cater to all age groups. The recently developed Shoreline Shopping Centre serves as a central hub for residents' needs, while the nearby Eastlands Shopping Centre in Rosny Park offers even more retail options. Additionally, Howrah's access to public transportation and major roads ensures easy connectivity to Hobart's city center and other surrounding areas, making it an attractive place for commuters. Overall, Howrah's appealing mix of natural allure, community spirit, and convenient living makes it a sought-after location for many looking to settle in the greater Hobart area.

Howrah Real Estate Market Outlook

Thinking about buying in Howrah? Now could not be a better time, with 5144 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $518,000 with prices in this suburb ranging from $17,000 to $3,660,000. Howrah is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Howrah driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Howrah ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Howrah classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Howrah requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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General Points of Interest

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