Thinking about buying in Mount Nelson? Now could not be a better time, with 1476 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $512,000 with prices in this suburb ranging from $16,000 to $2,053,000. Mount Nelson is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $286.00 |
Median Monthly Mortgage | $1361.00 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 2.00 |
Average Age | 38.00 |
Average Income | $773.00 |
Average Cars Per Dwelling | 1.68 |
Average Properties Within 50M | 9 |
1 Bed  $232,000 |
2 Bed  $389,000 |
3 Bed  $639,000 |
4 Bed  $612,000 |
5 Bed  $758,000 |
6 Bed+$456,000 |
Consistent high demand relative to supply is a key feature in Mount Nelson driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Mount Nelson ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Mount Nelson provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Mount Nelson requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
UNIT 2, 16 WEEMALA CT, MOUNT NELSON, TAS, 7007 | 1 | 1 | 1 | Offers over $425,000 | |
10 LACHLAN DR, MOUNT NELSON, TAS, 7007 | 6 | 2 | 2 | Offers Over $895,000 | |
2 LENTARA AV, MOUNT NELSON, TAS, 7007 | 3 | 1 | 3 | 750000 | |
UNIT 4, 471 NELSON RD, MOUNT NELSON, TAS, 7007 | 2 | 1 | 1 | 550000 |
Mount Nelson Primary School
Hobart College
The Hutchins School
Waimea Heights Primary School
Mount Carmel College
Taroona Primary School
Princes Street Primary School
Taroona High School
Fahan School
Sandy Bay Infant School
(While the above schools are located with the suburb of Mount Nelson there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.0 | 13.6 | 23.9 | 38.0 | 80.4 | 5.0 | 23.1 |
Feb | 1.0 | 12.9 | 22.4 | 42.3 | 83.1 | 4.5 | 18.0 |
Mar | 1.2 | 12.0 | 21.4 | 43.5 | 84.0 | 4.3 | 12.8 |
Apr | 1.1 | 10.0 | 18.8 | 43.8 | 82.9 | 4.5 | 9.3 |
May | 2.0 | 7.7 | 15.4 | 49.8 | 84.9 | 4.5 | 5.9 |
Jun | 1.7 | 5.8 | 13.1 | 57.0 | 88.1 | 4.4 | 5.0 |
Jul | 1.4 | 5.3 | 13 | 52.8 | 85.2 | 4.7 | 6.0 |
Aug | 2.0 | 5.3 | 13.7 | 49.0 | 84.9 | 4.8 | 8.3 |
Sept | 1.6 | 7.4 | 16.3 | 42.4 | 84.2 | 4.8 | 12.5 |
Oct | 1.8 | 8.5 | 18.0 | 41.0 | 83.4 | 4.8 | 17.7 |
Nov | 1.7 | 10.4 | 19.8 | 40.8 | 83.1 | 5.0 | 20 |
Dec | 1.7 | 12.0 | 21.5 | 41.4 | 81.4 | 4.9 | 23.4 |
source: Australian Government Bureau of Meteorology
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