TAS/
Mount nelson

Suburb Profile

Mount Nelson - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7007

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Homeowners and real estate investors betting on MOUNT NELSON, 7007 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 16.24%.

A steady increase in median property prices over a five-year period in the suburb translates to a 34.52% capital gain.

Property investors in MOUNT NELSON enjoyed capital gains of 16.24% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $680,000.

Profits due to an upward trend in home prices there averaged 11.51% per annum over a 3-year period.

Home owners selling their properties and realtors in MOUNT NELSON usually have to wait an average of 32.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $472.5 mark, reflecting a 3.61% increase in returns based on the current median price in MOUNT NELSON.

MOUNT NELSON, 7007 places 164th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $680,000 $300,000
GROWTH REPORT
Median Quarterly -2.16% N/A
Median 12 month 16.24% 0%
Median 3 years 34.52% 15.38%
Median 5 years 43.76% N/A
10 years average annual 5.99% 6.9%
Weekly media advert. rent $472.5 $317.5
Time on Market 32.7 days 57.2 days
Gross Rental Yield Percent 3.61% 5.5%
demographics (median values)
Total Population
2345
Weekly Household Income
1060
Household Size
2.40
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Mount Nelson, TAS
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