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.