TAS has seen average median house prices change by 18.88% which means that Mount Nelson, 7007 has done well for property investors by showing a capital gain of 5.10% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Nelson comes in at number 180th in TAS.
Advertised rents are around the $500 mark per week – giving a return of 3.50% based on the median price in Suburb
Information supplied by:
Properties are packed
Median unit price: $330,000
Vacancy rate: 0.7%
Three-year growth: 24.5%
The suburb of Mount Nelson is mainly known for the Mount Nelson lookout, which provides incredible views of Hobart and Bruny Island.
The colonial-era signal station is another big hit, with the famous “bends” of Nelson Road leading to this point. Many houses in this suburb also look out over the waters of the River Derwent – it is certainly a place to be in the Hobart area.
For this reason, vacancies have been very hard to come across in Mount Nelson – although the average vacancy rate eased slightly in the year to February 2019, it only went from 0.4% to 0.7%.
Truganini Reserve is a large stretch of protected bushland, and the return journey takes you past Cartwright Creek to a gully that evokes a rainforest, filled with native birdsong and stunning local flora.