TAS/
Mount nelson

Suburb Profile

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

house
unit

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 26.88%.

A steady increase in median property prices over a five-year period in the suburb translates to a 15.57% capital gain.

Property investors in MOUNT NELSON enjoyed capital gains of 26.88% 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 $590,004.

Profits due to an upward trend in home prices there averaged 5.19% per annum over a 3-year period.

Home owners selling their properties and realtors in MOUNT NELSON usually have to wait an average of 37.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.97% increase in returns based on the current median price in MOUNT NELSON.

MOUNT NELSON, 7007 places 42nd in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $590,004 $300,000
GROWTH REPORT
Median Quarterly 5.06% 6.76%
Median 12 month 26.88% 18.81%
Median 3 years 15.57% 30.43%
Median 5 years 10.28% N/A
10 years average annual 5.15% 3.67%
Weekly media advert. rent $450 $280
Time on Market 37.0 days 26.9 days
Gross Rental Yield Percent 3.97% 4.85%
demographics (median values)
Total Population
2345
Weekly Household Income
1060
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type
promoted stories