Howrah is a popular suburb located on the eastern shore of the Derwent River, boasting panoramic views of Mount Wellington and Hobart’s cityscape. Its blend of beautiful beaches, parks, and residential areas makes it highly sought after by families and retirees. With its well-established community and excellent facilities, Howrah is an ideal location to buy a property. Nest Property can guide you to your ideal Howrah home.
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Howrah property market
Located on Hobart’s eastern shore, Howrah continues to be a sought-after suburb thanks to its coastal charm, family-friendly environment, and close proximity to the city. In the past month, the suburb recorded 25 properties available for rent and 39 properties listed for sale, indicating a moderately active market with opportunities for both renters and buyers.
Over the last 12 months, median property prices in Howrah have remained relatively strong. Houses currently have a median value of approximately $738,000, while units are priced at a median of $626,000. These figures reflect Howrah’s reputation as a desirable location that offers both lifestyle and convenience, with beautiful beaches, schools, and shopping precincts nearby.
From an investment perspective, Howrah presents an appealing balance between rental income and long-term potential. Houses in the suburb typically rent for around $592 per week, offering an estimated gross rental yield of 4.4% per annum. Units command weekly rents of about $500, with a slightly higher rental yield of 4.7%, making them a compelling option for investors seeking solid returns in a competitive market.
When considering capital growth, Howrah has delivered a mixed performance in recent years. Over the past 12 months, houses have seen a modest decline, with a compound annual growth rate (CAGR) of -2.4%—potentially a reflection of broader market adjustments after a period of significant growth across Hobart. Units, however, have fared better, recording a positive annual growth rate of 3.6%, suggesting resilience in the medium-density market segment.
Overall, Howrah remains a well-rounded suburb offering a combination of lifestyle appeal, strong rental demand, and reasonable investment returns. While recent house price movements suggest a cooling market, the underlying fundamentals—such as location, amenities, and tenant interest—continue to support its long-term value. Whether you’re an investor, homeowner, or renter, Howrah represents a balanced and appealing option within the greater Hobart property landscape.
Market trends
View median property prices in Howrah to get a better understanding of local market trends.
* Data based on sales within the 12 months to July 2025.