All About Mount Nelson, Hobart, TAS, 7007

Mount Nelson, a suburb of Hobart, Tasmania, offers a unique blend of natural beauty and suburban convenience, making its housing market particularly appealing. The area is known for its picturesque views of the Derwent River and surrounding bushland, contributing to a serene and tranquil living environment. In recent years, the housing market in Mount Nelson has seen steady growth, reflecting broader trends observed in the Hobart area. This growth is driven by a combination of demand for housing in scenic locations and the desirability of living near Hobart while enjoying the peace of a smaller community. Properties in Mount Nelson range from older, established homes to modern builds, often featuring spacious yards and a harmonious blend with the natural landscape, appealing to both families and retirees.

Living in Mount Nelson offers residents a balanced lifestyle with access to both urban and natural amenities. The suburb hosts the famous Mount Nelson Lookout, providing breathtaking panoramic views and a popular spot for locals and tourists alike. Residents enjoy the benefits of being close to the University of Tasmania, making it an attractive location for academics and students. Community amenities include schools, parks, and a local shopping village, fostering a tight-knit community atmosphere. Outdoor enthusiasts can take advantage of the numerous walking tracks and nature reserves nearby. Despite its peaceful setting, Mount Nelson is only a short drive from Hobart's city center, giving residents convenient access to the city's cultural, dining, and shopping experiences.

Mount Nelson Real Estate Market Outlook

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.

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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