Suburb Profile

Suburb profile for,

Mount Nelson, TAS

Located in the dynamic state of TAS (postcode 7007), MOUNT NELSON is a vibrant real estate market. This suburb holds a median house price of $1,050,000 and has demonstrated an average buying growth of Up 13.1%. Last month, 9 houses were available, with 29 transactions completed in the past year. Properties spend around 26 days on the market, reflecting the area's demand with 432 interested buyers. The average rental yield stands at 3.4%, with a weekly median rent of $440 per week and an average rent growth of Up 2.0%. Rental properties usually stay on the market for 21 days. The population in 2016 was 2503, which changed by +2.90% in the past five years. The median weekly household income is $1,393, reflecting an income change of +7.82% over the past five years. Residents have a median age of 41 years, and the suburb has an average annual growth for houses of +9.44%. To fully take advantage of MOUNT NELSON's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in MOUNT NELSON, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Mount Nelson, TAS

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%

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