Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $590,004, Annual capital growth 5.15%, Number of sales 38, Weekly median advertised rent $450

Mount Nelson Unit: Median price $300,000, Annual capital growth 3.67%, Number of sales 16, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Mount Nelson, 7007 ranked 7th in TAS when comparing growth in median property values or capital gain over the last 12 months. Mount Nelson is one of 606 in our list for TAS

Mount Nelson,7007 was ranked 755 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Mount Nelson are currently offering property investors an average price cut of -6.55% below the asking price at the moment.

Often selling an investment property can take time, and in Mount Nelson the average time real estate has been on the market is 37.07 days.

Mount Nelson is 124th on a list of best yielding suburbs for rents in TAS with a 3.97% return

At number 178th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Nelson, 7007 is in the top 20% with a property value increase of 18.81% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Mount Nelson,7007 has racked up an average of 18.81% over the period. This ranks it number 383th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Mount Nelson should be aiming for at least -8.60% off the asking price, which is the average vendor discount being achieved at the moment.

Mount Nelson is 49th on a list of best yielding suburbs for rents in TAS with a 4.85% return

Metrics i HOUSE UNIT
$590,004 $300,000
5.06% 6.76%
26.88% 18.81%
5.15% 3.67%
$450 $280
38 16
3.97% 4.85%
37.07 26.91

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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
Chart Table
Recent sales & rentals