Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $685,000, Annual capital growth 4.77%, Number of sales 32, Weekly median advertised rent $490

Mount Nelson Unit: Median price $320,000, Annual capital growth 3.00%, Number of sales 10, Weekly median advertised rent $320

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

Mount Nelson has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 16.10% to date .

Over the longer term, Mount Nelson has seen property prices show investors a 31.10% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Mount Nelson should be aiming for at least -4.13% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Mount Nelson being $685000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.72%

Investment property in Mount Nelson has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.67%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Nelson has increased when compared to the 5 year average annual rate.

In the last year 10 properties changed hands in Mount Nelson, which puts it as the 57th most active market in TAS when comparing the number of sales per suburb.

Advertised rents are around the $320 mark per week – giving a return of 5.20% based on the median price in Suburb

Metrics i HOUSE UNIT
$685,000 $320,000
0.74% 6.67%
16.10% 6.67%
4.77% 3.00%
$490 $320
32 10
3.72% 5.20%
32.16 N/A

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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