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