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Mount Nelson, TAS 7007
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$985,000
market range $900K-$1.1M
Median Unit
$560,000
market range $475K-$600K
Gross Yield (houses)
3.3%
1yr Growth (houses)
+7.1%
market range -2.5% to +10.0%
Investment snapshot for Mount Nelson
Mount Nelson has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mount Nelson market and investor summary
Mount Nelson (TAS 7007) runs a median house price of $985K, with houses yielding a gross 3.3%. House prices have moved +7.1% over the past year and +1.4% over three years. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.
Living in Mount Nelson: people, income and schools
Mount Nelson is home to around 2,749 people, a number that has held fairly steady over five years. The median age is 40, skewed a little older, and 71% of homes are owner-occupied.
Households here earn a median of about $88,000 a year, or roughly $1,690 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.2 times local household income, so affordability is a genuine constraint on local buyers.
There are 21 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 4.7 km from the CBD. It is fairly car-dependent; the suburb scores 34 for walkability and 10 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,749
- +1% over 5yr
- Median age
- 40 years
- Median household income
- $88,000/yr
- Households renting
- 28%
- Family households
- 69%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 21
- avg ICSEA 1057
- Unemployment
- 2.2%
- Distance to CBD
- 4.7 km
- Walk score
- 34/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mount Nelson
View all →Frequently asked questions about Mount Nelson
What should I check before investing in Mount Nelson?
Mount Nelson has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Capital growth of +7.1% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mount Nelson?
The median property price in Mount Nelson, TAS 7007 is $985K for houses and $560K for units.
What rental yield does Mount Nelson show?
The gross rental yield in Mount Nelson is 3.3% for houses and 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Mount Nelson?
House prices in Mount Nelson are up 7.1% over the past year and up 1.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Mount Nelson?
The current vacancy rate in Mount Nelson is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Mount Nelson?
Mount Nelson has a population of approximately 2,749 residents, with a median age of 40.
What schools are near Mount Nelson?
There are 21 schools within roughly 5km of Mount Nelson. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Mount Nelson affordable to buy in?
A median house in Mount Nelson costs about 11.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Mount Nelson's population growing?
The population of Mount Nelson has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Mount Nelson from the CBD?
Mount Nelson is about 4.7 km from the CBD.
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