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Mount Nelson suburb profile

Mount Nelson is a picturesque suburb located just south of Hobart, Tasmania, offering stunning views of the Derwent River and surrounding landscapes. Known for its natural beauty and tranquil environment, it provides a peaceful retreat while still being conveniently close to the city. The suburb is home to the historic Mount Nelson Signal Station, which is a popular spot for both locals and tourists. With its leafy streets, bushland reserves, and a strong sense of community, Mount Nelson attracts families, retirees, and nature enthusiasts seeking a serene lifestyle. Its proximity to educational institutions and essential amenities further enhances its appeal.

Mount Nelson property market performance

Property growth+12.1%Past 12 months

Mount Nelson’s property market has experienced notable growth over the past 12 months, with house values increasing by 16.8% and unit values rising by 9.9%. Despite the absence of current median prices, the market activity indicates a strong demand for both property types.

Sales activity has been limited, with only 9 houses and 1 unit sold in the past 12 months. Houses are selling relatively quickly, with a median of 31 days on the market, while units take slightly longer at 40 days, suggesting a more cautious approach from unit buyers.

The rental market in Mount Nelson has shown stability for houses, with no change in average rent over the last 12 months, maintaining at $600. In contrast, unit rents have increased by 9.5%, reaching an average of $460, indicating a growing demand for rental units.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
14.3%N/A
Sold
Past 3 months
62
Median days on market
Past 12 months
32N/A
Average rent
Past 12 months
$600$460
Change in rent
Past 12 months
-3.2%9.5%

5 year median price trend for houses and units

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Mount Nelson demographics

Mount Nelson, a picturesque suburb located in Hobart, Tasmania, is known for its serene environment and stunning views of the Derwent River. With a population of 2,749, it offers a peaceful retreat from the hustle and bustle of city life while still being conveniently close to Hobart's amenities. The median age of 40 suggests a mature community, with a mix of families, professionals, and retirees who appreciate the suburb's tranquil setting and natural beauty.

The suburb's housing landscape is characterized by a high rate of home ownership, with 40.2% of properties owned outright and 31.2% owned with a mortgage. This indicates a stable community with long-term residents who have invested in the area. The rental market, comprising 28.6% of properties, provides options for those seeking flexibility, including students and professionals who may be drawn to the nearby University of Tasmania.

Family life is a significant aspect of Mount Nelson, with 39.5% of households being couple families with children and 43.3% being couple families without children. The presence of one-parent families at 15.3% adds to the suburb's diverse family dynamics. The area's appeal is further enhanced by its proximity to educational institutions, parks, and recreational facilities, making it an ideal location for families and individuals seeking a balanced lifestyle amidst nature.

Suburbs near Mount Nelson

Some popular suburbs near Mount Nelson include:

  • Tolmans Hill: Known for its elevated position and stunning views, Tolmans Hill is located directly north of Mount Nelson.
  • Dynnyrne: Featuring a mix of bushland and residential areas, Dynnyrne is situated to the northeast of Mount Nelson.
  • Sandy Bay: Renowned for its waterfront properties and vibrant community, Sandy Bay lies to the east of Mount Nelson.
  • South Hobart: Known for its historic charm and proximity to the city, South Hobart is located to the north of Mount Nelson.
  • Battery Point: Famous for its heritage architecture and picturesque streets, Battery Point is situated to the northeast of Mount Nelson.

How does Mount Nelson compare to nearby suburbs?

  • Median house prices: Mount Nelson’s median house price is 8.8% higher than South Hobart’s.
  • House price growth: Over the past 12 months, house prices in Mount Nelson have grown 18.4% higher than in Tolmans Hill.
  • Unit price growth: Over the past 12 months, unit prices in Mount Nelson have grown 9.1% higher than in Sandy Bay.
  • Selling speed for houses: Properties in Mount Nelson are selling 3.0% faster than in Dynnyrne.
  • Selling speed for units: Properties in nearby Dynnyrne are selling 42.5% faster than in Mount Nelson.
  • Investment considerations: In Mount Nelson, the rental yield for house is 0.8% higher than the Hobart average, while the rental yield for units is 2.3% lower.
  • House price growth: Over the past 12 months, house prices in Mount Nelson have grown 37.4% higher than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Mount Nelson have grown 4.4% higher than the average rate of growth for units across Hobart.

Choose the right real estate agents in Mount Nelson

In Mount Nelson ,29 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 40.4% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.63% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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