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Mount Nelson, TAS 7007

Home » TAS Real Estate Data » Hobart City Council, TAS » Mount Nelson, TAS 7007

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mount Nelson, TAS 7007 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mount Nelson, TAS 7007”

  1. The total adult population (15 years or older) of Mount Nelson 7007 TAS is 2,276, with a median age of 40. Of those, 48.73% are married, 11.03% are divorced or separated, 36.03% are single and 4.00% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,480. The median monthly mortgage repayment for households in this suburb is $1,586 which is 18.70% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Tasmania (TAS), the suburb of MOUNT NELSON 7007 plays host to an estimate of 1280 households. As we delve into the third quarter of 2023, we find that typical prices for houses in this tranquil locale sit at a median of $885,372. To complement this, the median weekly rent stands at $564, subsequently generating an indicative yield of approximately 3.31% – an intriguing proposition for astute property investors.

    Delving deeper, MOUNT NELSON 7007 holds an impressive IRSAD score of 1056 out of a possible 1217, indicating a relatively high socio-economic status and a potential pool of quality tenants. The balance between renters and homeowners is also promising, with a much-favoured renter to owner ratio of merely 28%.

    The units to houses ratio, a critical metric that can significantly impact the rental market dynamics, is a promising 22%. This implies a larger proportion of houses, generally favoured by families who tend to stay longer, keeping vacancy periods at bay.

    However, potential investors should note the suburb’s affordability index. Currently placed at 41 years, the market could be categorised as less affordable than others with indexes below 30 years, based on average incomes and current interest rates.

    When it comes to supply, MOUNT NELSON 7007 showcases a low stock on market Percentage of just 0.21% and an inventory level of a mere 0.86 months. This suggests an unusually tight supply, which can bode well for property values and rental rates. The suburb’s building approvals ratio stands at 1.47%, indicating measured growth potential.

    Yet, caution is advised. The average days on market tallies at 94, which suggests lower than ideal demand from property buyers and investors. The vacancy rate, an important measure of rental market demand, sits at 3.87% (combining houses and units), which can be seen as a slightly less appealing figure to rental investors.

    Lastly, the buy search index for houses aligns at 3, which communicates a neutral property buyer interest relative to state averages.

    Despite some challenges, MOUNT NELSON 7007’s property market has potential for determined investors willing to dig a little deeper. As always, maintaining a comprehensive understanding of the market metrics, their trends and RCS analysis is key to making effective investment decisions in real estate.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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