Suburb Profile Report for Mount Nelson TAS (7007)

Mount Nelson House: Median price $650,000, Annual capital growth 5.62%, Number of sales 26, Weekly median advertised rent $500

Mount Nelson Unit: Median price $355,000, Annual capital growth 5.07%, Number of sales 15, Weekly median advertised rent $303

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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.

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
$650,000 $355,000
0.00% -1.39%
1.88% 1.43%
5.62% 5.07%
$500 $303
26 15
4.00% 4.43%
31.1666666666667 30.8333333333333

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very 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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