Petrusma Director Jake Towns outside a property he recently sold in the “supercharged” suburb of Howrah. Picture: SUPPLIED

EASTERN Shore suburb Howrah was the only Hobart property market to make Hotspotting’s latest National Top 50 list of Supercharged Suburbs.

In the new Spring Price Predictor Index, Hotspotting director Terry Ryder singled out Howrah due to its steadily rising quarterly sales figures.

In the past five quarters Howrah recorded 41, 46, 50, 52 and 58 transactions, he said.

The index tracks sales volume rather than the industry’s common measurement of median price changes.

Terry says consistent increasing sales activity was a better indicator of future price growth than any other measure.

Harcourts Signature agent and auctioneer Jerome Thiessen said he agreed with Hotspotting’s assessment of Howrah.

“The price point in Howrah is still within reach of middle class people although it is more expensive than it was few years ago; 30 to 50 per cent more,” Jerome said.

“My last two Howrah properties, 26 Alford St and 27 Nankoor Cres sold in under two weeks on the market and for well over asking price.

“Both vendors wanted to rent back the properties for six months. That last rent back condition is usually hard to negotiate because most people want the property straight away.

“I think we are in for a great spring-summer season as a new property cycle begins.”

Popular Howrah, more popular every quarter.

Petrusma Property director Jake Towns said the Howrah market has been travelling “very nicely indeed” and now was a great time to sell for those in such a position.

“We are still very much in an economic climate where demand is far outweighing supply,” Jake said.

“We are seeing huge inquiry levels and open home attendances with multiple competing offers being the norm.”

Jake said the days on market figure for Howrah listings was consistently low and the prices that are being achieved were “certainly not on the decline”.

“The market is being driven predominantly by local buyers who are attracted to all that Howrah and the Eastern Shore has to offer,” he said.

Elsewhere in the report, Hotspotting noted that prices remain buoyant throughout Tasmania with 86 per cent of the State recording median prices higher than they were one year ago.

Terry’s research found that the peak of the up-cycle in Tasmania, measured by sales activity, was late in 2017, and that there had been a gradual wind-down in activity since then.

Terry said generally, the Hobart metro area remains steady including suburbs like Moonah and West Hobart making Hotspotting’s National Top 50 list of Consistent Suburbs.

He said Launceston was the State’s strongest market with a number of rising suburbs and no suburbs classified as a declining market.

“There are struggling markets elsewhere in the state, notably the West Coast where Queenstown, Zeehan and Rosebery remain classified as declining or danger markets,” he said.