Suburb Profile

Suburb profile for,

Mount Nelson, TAS 7007

About Mount Nelson

Situated in Tasmania's 7007 postcode, Mount Nelson is a well-established residential suburb.

Demographics and Community

Mount Nelson has a population of approximately 2,503, a median age of 41, a median weekly household income of $1,393.

Property Market Overview

The current median house price in Mount Nelson is $1,050,000. Average annual growth is 13.1%.

Properties in Mount Nelson spend an average of 26 days on market.

Rental Market

The median weekly rent for houses in Mount Nelson is $440. Gross rental yield is 3.40%, which is typical for a growth-oriented market.

Nearby Suburbs

Explore other suburb profiles in the area: Lenah Valley, TAS, Dynnyrne, TAS, Lutana, TAS, Moonah, TAS, Sandy Bay, TAS.

Considering Mount Nelson for Investment?

Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Mount Nelson or need help identifying the right suburb for your strategy, get in touch with our team.

SUBURB DATA

Quantitative data for,

Mount Nelson, TAS 7007

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.

State
TAS
Suburb
MOUNT NELSON
Postcode
7007
Median price for all dwellings
$1,050,000
Last 12 months growth return
Up 13.1%
Avg. dwellings for sale in the suburb every month
9
Avg. dwellings sold in the suburb in previous 12 months
29
Avg days on market for a dwelling listing to sell
26 days
Avg. number of people searching in this suburb every month
432
Avg. rental yield per annum
3.40%
Weekly median rent for all dwellings
$440 per week
Median price for all houses
$1,050,000
Avg. rental yield growth in the previous 12 months
3.40%
Avg. days for a rental listing to find a tennant
21 days
Total suburb population in 2016
2503
Total suburb population change in 5 years up to 2016
2.90%
Avg. household income per week
$1,393
Median age of the population in the suburb
41
Historic avg annual growth return per annum in the suburb
9.44%