Question 1

Is Howrah a nice place to live?

Accepted Answer

Howrah is a coastal residential suburb on Hobart’s eastern shore, fronting the River Derwent with the sandy sweep of Howrah Beach and a string of small parks along the foreshore. The streets mix older weatherboard and brick homes with more recent renovations and infill, and many properties have water or city views. The neighbourhood has a relaxed seaside feel, with everyday shopping and services close by in neighbouring Rosny Park, and waterfront access shaping day-to-day life.

The community of 9,545 people has a median age of 43 and a median total household income of $1,690 a week, roughly $87,900 a year. It attracts a broad cross section of residents, from families to retirees and professionals who commute across the Tasman Bridge, and is weighted towards couple families. Most homes are owner-occupied, with about four in five held by owners and 18.7% rented. Recent local planning has enabled some small parcels for social and affordable housing, and council work is under way to extend the foreshore trail while the community centre master plan is on hold. Whether that mix suits you depends on what you want in a suburb.

Question 2

Is it expensive to live in Howrah?

Accepted Answer

House prices in Howrah sit well above what local households earned at the last Census. With a typical local household income of $1,690 a week at the last Census (about $87,880 a year), the median house price of $860,000 works out to roughly 9.8 times a local year's household income, and the median unit price of $649,750 is about 7.4 times that annual income.

On the rental side, average house rent of $650 a week would take about 38.5% of a typical local household's weekly income at the last Census, while unit rent of $520 a week would take about 30.8%. If you are renting rather than buying, those rent shares are the most relevant numbers; whether they feel expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Howrah a good place to invest?

Accepted Answer

The clearest story in Howrah over the past year is the strength of the house market. Median house values rose 10.1% and house rents climbed 10.2% over the 12 months, both strong increases. Units were much quieter: unit values edged up 0.6% while unit rents rose a modest 3.0%.

Put simply, houses outperformed units on both capital growth and rental income this year; whether that balance suits you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$860K	$650K
Change in value Past 12 months	10.1%	0.6%
Sold Past 3 months	25	13
Median days on market Past 12 months	16	20
Average rent Past 12 months	$650	$520
Change in rent Past 12 months	10.2%	3.0%

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