Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $477,500, Annual capital growth 2.67%, Number of sales 45, Weekly median advertised rent $413

Mount Nelson Unit: Median price $255,000, Annual capital growth 3.58%, Number of sales 15, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Mount Nelson has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.55%

While Mount Nelson,7007 ranked number 78th in TAS for increase in median house value (annualised) increase, it is ranked 116th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Mount Nelson is offering property investors an average of -7.18. This rate of discount on properties puts Suburb at number 141th in terms of most discounted suburbs in TAS

In the last year 45 properties changed hands in Mount Nelson, which puts it as the 64th most active market in TAS when comparing the number of sales per suburb.

At number 1484th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Nelson, 7007 is in the BOTTOM 20% with a property value increase of -6.42% 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 -6.42% over the period. This ranks it number 975th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Mount Nelson is giving property investors an average Vendor Discount of around -4.16%. This puts suburb at number 38th in TAS when ranking the most discounted suburbs.

At number 1103 in a list of fastest selling suburbs, Mount Nelson is in the bottom 30% of suburbs in Australia with an average of days on market 98.25 for properties listed there.

HOUSE UNIT
$477,500 $255,000
1.60% 1.19%
-2.55% -6.42%
2.67% 3.58%
$413 $260
45 15
4.49% 5.30%
50.23 98.25

Source: CoreLogic

DSR Score for property investment : Good (U), 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
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