With a capital gain of 1.88% for the last 12 months, Mount Nelson, 7007 has performed for property investments than its average annual 5.62% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Mount Nelson,7007 has racked up an average of 1.88% over the period. This ranks it number 203th in the whole country for real estate investors looking at median house price increases.
Mount Nelson is 131th on a list of best yielding suburbs for rents in TAS with a 4.00% return
At number 514th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Nelson, 7007 is in the top 40% with a property value increase of 1.43% recorded in median house prices.
Comparing Mount Nelson,7007 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 15 in a list of fastest selling suburbs, Mount Nelson is in the TOP 10% of suburbs in Australia with an average of days on market 30.8333 for properties listed there.
The TAS suburb of Mount Nelson, 7007 is in the Hobart (C) local government area.
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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.