Property investors who have had real estate in Mount Nelson, 7007 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.56%
Mount Nelson,7007 has offered an average of 13.56% return per annum in house price rises to property investors over the last three years.
Often selling an investment property can take time, and in Mount Nelson the average time real estate has been on the market is 42 days.
Mount Nelson, 7007 ranked 7th in TAS when comparing growth in median property values or capital gain over the last 12 months. Mount Nelson is one of 606 in our list for TAS
If we look at median property appreciation over just the last three months, Mount Nelson has given property investors a paper return of 2.56%. This puts Suburb as 19 on a list of fastest fasting appreciating suburbs in TAS
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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.