Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $470,000, Annual capital growth 2.18%, Number of sales 47, Weekly median advertised rent $430

Mount Nelson Unit: Median price $252,000, Annual capital growth 1.81%, Number of sales 14, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3660th 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 -7.39% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Mount Nelson comes in at number 125th in TAS.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.05% offered to property buyers. Sellers in Mount Nelson itself are offering an average vendor discount of -4.49% to real estate investors.

Residents and property investors in Mount Nelson have been waiting around 38.34 days to sell a property.

At number 1404th 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 -4.91% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Mount Nelson comes in at number 38th 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 -3.22% is being offered, which puts this TAS suburb at 1268th most discounted overall in Australia.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 1.81%, investors should hope to achieve an overall return of 5.37%

HOUSE UNIT
$470,000 $252,000
0.00% 1.20%
-7.39% -4.91%
2.18% 1.81%
$430 $260
47 14
4.76% 5.37%
38.34 107.9

Source: CoreLogic

DSR Score for property investment : Good (H), 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