Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $742,500, Annual capital growth 5.09%, Number of sales 15, Weekly median advertised rent $500

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

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:


April 2019

M
O

W
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Properties are packed

Postcode: 7007

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.

Metrics i HOUSE UNIT
$742,500 N/A
5.92% N/A
5.10% N/A
5.09% N/A
$500 N/A
15 N/A
3.50% N/A
N/A N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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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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