With a capital gain of 22.34% for the last 12 months, Mount Nelson, 7007 has performed for property investments than its average annual 4.64% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Mount Nelson,7007 has racked up an average of 22.34% over the period. This ranks it number 2582th in the whole country for real estate investors looking at median house price increases.
Mount Nelson7007 is located in TAS which offers an average discount of -6.77% to property investors. Mount Nelson itself is showing figures that indicate -5.30% is the average achievable by property buyers investing in the suburb.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 4.64%.
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 17.65% to date .
The most recent median price for Mount Nelson is $300000, with sellers offering an average of -8.60% off the asking price.
Often selling an investment property can take time, and in Mount Nelson the average time real estate has been on the market is 24.41 days.