Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $550,000, Annual capital growth 4.06%, Number of sales 40, Weekly median advertised rent $415

Mount Nelson Unit: Median price $300,000, Annual capital growth 3.40%, Number of sales 15, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 5.57% which means that Mount Nelson, 7007 has done well for property investors by showing a capital gain of 17.02% over the last year

If we look at median property appreciation over just the last three months, Mount Nelson has given property investors a paper return of 3.38%. This puts Suburb as 63 on a list of fastest fasting appreciating suburbs in TAS

Sellers are offering property buyers an average discount of -5.30% to buyers in Mount Nelson at the moment, which is less than average for the rest of TAS.

On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.

Property investors should expect to get $415 weekly from the median priced house in this suburb.

Giving property investors a a solid capital gain of 16.50% for the last year, Mount Nelson, 7007 is the 181th highest performer in Australia in this respect.

At number 4th of TAS’s most discounted properties, Mount Nelson is in the bottom 10% of the state/territory when listing in order of most discounted to least.

The TAS suburb of Mount Nelson, 7007 is in the Hobart local government area.

Metrics i HOUSE UNIT
$550,000 $300,000
3.38% 14.50%
17.02% 16.50%
4.06% 3.40%
$415 $275
40 15
3.92% 4.77%
53.06 20.9

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 2432
Median household income ($/weekly) 1276
Median age of persons 40
Median housing loan repayment ($/monthly) 1600
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 300 12.3
    25-34 years 273 11.2
    35-44 years 283 11.6
    45-54 years 372 15.3
    55-64 years 381 15.7
    Others 822 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 856 46.4
    Not Married 811 43.9
    Defacto Relationship 179 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1850 79.1
    Croatia 45 1.9
    Papua New Guinea 35 1.5
    United Kingdom 149 6.4
    Other 77 3.3
    Others 182 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 2.6
    Christianity 1187 53.9
    Hinduism 10 0.5
    Islam 19 0.9
    No Religion 917 41.6
    Others 14 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 88 9.9
    $600-$799 85 9.5
    $1,000-$1,249 87 9.8
    $1,500-$1,999 108 12.1
    $2,500-$2,999 83 9.3
    Others 440 49.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 683 34.9
    Not in the labour force 676 34.6
    Employed, worked part-time 462 23.6
    Employed, away from work 68 3.5
    Unemployed, looking for work 66 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 161 13.3
    Professionals 471 38.8
    Technicians & trades workers 111 9.2
    Community & personal service workers 111 9.2
    Clerical & administrative workers 167 13.8
    Others 192 15.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 197 27.3
    Secondary 166 23.0
    Technical or Further Educational Institution 59 8.2
    University or other Tertiary Institutions 258 35.7
    Other type of educational institution 25 3.5
    Others 17 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1938 85.2
    Flat, unit or apartment 220 9.7
    Semi-detached, row or terrace house, townhouse 117 5.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 388 39.7
    Being purchased 318 32.5
    Rented 265 27.1
    Other tenure type 7 0.7
    Tenure Type
Census 2011, ABS
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