Mount Nelson

POSTAL CODE: TAS, 7007
HOUSE
UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a -11.43% capital gain.

Property investors in MOUNT NELSON enjoyed capital gains of 0.54% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $930,000.

Profits due to an downward trend in home prices there averaged -3.81% per annum over a 3-year period.

Home owners selling their properties and realtors in MOUNT NELSON usually have to wait an average of 33.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $600 mark, reflecting a 3.35% increase in returns based on the current median price in MOUNT NELSON.

MOUNT NELSON, 7007 places 39th in Australia based on median property value growth during the quarter.

Surburb overview

Mount Nelson, with the postcode 7007, is a scenic suburb located approximately 5 kilometres south of Hobart’s central business district in Tasmania. Known for its elevated position, stunning views of the River Derwent, and lush natural surroundings, Mount Nelson offers a serene and picturesque lifestyle. The population of Mount Nelson is around 2,200 residents, comprising a mix of families, professionals, and retirees who appreciate the suburb’s tranquil environment and proximity to both nature and urban amenities.

Mount Nelson falls under the jurisdiction of the City of Hobart, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via Nelson Road and the Southern Outlet, facilitating straightforward travel to Hobart and other nearby areas.

Educational facilities in Mount Nelson include Mount Nelson Primary School, catering to the educational needs of young children. For secondary education, students typically attend nearby schools such as Taroona High School and Hobart College. The suburb is also home to the University of Tasmania’s Sandy Bay campus, providing higher education opportunities and attracting students and academics to the area. Additionally, the region offers various early childhood education centres, ensuring comprehensive educational opportunities for families.

Mount Nelson residents often visit the nearby Sandy Bay shopping precinct, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Hobart CBD also provides more extensive shopping, dining, and entertainment facilities, easily accessible to Mount Nelson residents.

The Mount Nelson Signal Station and its adjacent lookout offer panoramic views of Hobart, the River Derwent, and the surrounding landscape. This historic site is a popular destination for both residents and visitors, providing a café, walking trails, and picnic areas.

The suburb’s location near the foothills of Mount Wellington provides residents with easy access to the mountain’s extensive network of walking and cycling trails. The Truganini Reserve and Bicentennial Park are popular local spots for hiking, birdwatching, and enjoying the natural beauty of the area.

Residents of Mount Nelson benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including the South Arm Peninsula and the Tasman Peninsula.

You’re out of free articles for this month
Loading form...