Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $626,000, Annual capital growth 6.62%, Number of sales 34, Weekly median advertised rent $450

Mount Nelson Unit: Median price $300,000, Annual capital growth 4.00%, Number of sales 20, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Mount Nelson has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 33.19% to date .

The five-year average increase in median property values for Mount Nelson,7007 has given property investors a potential capital gain of 17.01% across each of those five years.

Mount Nelson, 7007 is offering TAS ‘s 98th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.62%, investors should hope to achieve an overall return of 3.74%

Mount Nelson has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 17.65% to date .

If we look at median property appreciation over just the last three months, Mount Nelson has given property investors a paper return of -0.33%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in TAS

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Nelson, 7007. Typically our figures indicate that -7.46% is being offered, which puts this TAS suburb at 222th most discounted overall in Australia.

Often selling an investment property can take time, and in Mount Nelson the average time real estate has been on the market is 51.73 days.

A $285 per week rent on the median house gives suburb investors a gross yield of circa 4.94%, without taking into account capital value appreciation, which has been averaging out at 4.00%.

Metrics i HOUSE UNIT
$626,000 $300,000
6.55% -0.33%
33.19% 17.65%
6.62% 4.00%
$450 $285
34 20
3.74% 4.94%
42.54 51.73

Source: CoreLogic

DSR Score for property investment : Very 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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Recent sales & rentals