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Mount Nelson offers a gentle escape from urban bustle, perched just a few minutes’ drive south of central Hobart atop the foothills of kunanyi/Mount Wellington. With sweeping views of the city, river, and distant mountains, the area embraces a scenic setting where nature and suburb meet. It’s home to leafy residential streets dotted with elegant older homes, newer dwellings, and peaceful green pockets ideal for walking or simply soaking up the outlook. Incorporating both serenity and convenience, residents enjoy easy access to local schools, boutique shops, and cafés while being surrounded by trails and reserves that invite exploration and reflection. Mount Nelson is a harmonious blend of elevated lifestyle and laid-back charm — perfect for those seeking a picturesque retreat with all the comforts of city life close at hand.
Situated in ever-popular Mount Nelson, 257 Nelson Road is a…
$1,200,000
The Mount Nelson property market last month recorded 7 properties available for rent and 10 listed for sale. Median property prices over the past year ranged from $900,000 for houses to $520,000 for units. For investors, houses in the area rent for around $587 per week with an annual rental yield of 3.8%, while units achieve approximately $420 per week with a yield of 4.2%. Over the same period, Mount Nelson has experienced an annual compound growth rate of -2.7% for houses and -4.1% for units.
Mount Nelson is a leafy suburb nestled just minutes from Hobart’s city centre, offering residents a balance of convenience and tranquillity. Surrounded by bushland reserves and elevated landscapes, the suburb is known for its peaceful environment, scenic views, and proximity to excellent schools and services. This blend of natural beauty and urban accessibility makes Mount Nelson a popular choice for families, professionals, and investors alike.
Market trends
View median property prices* in Mount Nelson to get a better understanding of local market trends.
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*Data based on sales within the 12 months to August 2025.
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