At the 2021 Census, 31% of homes in Mount Nelson were owned with a mortgage (Tasmania: 33%), 40% were owned outright and 28% were rented. The median mortgage repayment was $1,586 a month and the median rent was $320 a week.

Home ownership figures: ABS 2021 Census, Mount Nelson Suburb and Locality, used under CC BY 4.0. Mortgage broker figures from BrokerScore, updated October 2026.

Buying your first home in Mount Nelson

Mount Nelson is in the $700,000 price cap area for the Australian Government 5% Deposit Scheme (Hobart). Eligible first home buyers can buy up to that price with a 5% deposit and no lenders mortgage insurance.

Tasmania grants and concessions

A First Home Owner Grant of $20,000 for eligible new homes, for contracts in the 12 months from 1 July 2026.
The duty exemption for first home buyers of established homes ended on 30 June 2026.

General information only, checked 9 October 2026. Sources: 5% Deposit Scheme price caps, Tasmania. Eligibility rules apply, so confirm with a mortgage broker.

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Mortgage broker Mount Nelson FAQs

How many mortgage brokers are there in Mount Nelson?

There is 1 mortgage broker on BrokerScore based in Mount Nelson or serving the area, plus 30 more within 10 km.

Who are the top rated mortgage brokers in Mount Nelson?

By BrokerScore, the top rated mortgage brokers in or near Mount Nelson are One Stone Finance (6.6), Walmac Finance (6.6) and Fortify Loans (6.6). BrokerScore is a rating out of 10 that reflects reviews and how well a mortgage broker looks after the people who contact them. Mortgage brokers can’t pay to change it.

How much does a mortgage broker cost in Mount Nelson?

Most mortgage brokers in Mount Nelson don’t charge you for a standard home loan. They’re usually paid a commission by the lender once your loan settles. Some charge a fee for complex loans, so ask upfront. Every mortgage broker must give you a credit guide that explains how they’re paid and any fees.

What’s the average mortgage repayment in Mount Nelson?

At the 2021 Census, the median mortgage repayment in Mount Nelson was $1,586 a month, and 31% of homes were owned with a mortgage. Interest rates and prices have changed since then, so a local mortgage broker can work out what repayments would look like for you today.

What is the 5% Deposit Scheme price cap in Mount Nelson?

Mount Nelson falls under the $700,000 price cap that applies in Hobart. Under the Australian Government 5% Deposit Scheme, eligible first home buyers can buy up to this price with a 5% deposit and no lenders mortgage insurance. Some suburbs span more than one postcode, so confirm with a participating lender or mortgage broker.

Should I use a mortgage broker or go straight to my bank?

A bank can only offer its own home loans. A mortgage broker compares loans from the lenders on their panel. They must act in your best interests, and they handle the paperwork through to settlement.

How do I choose a mortgage broker in Mount Nelson?

Compare BrokerScores and read recent reviews, check they help with your situation (for example first home buyers, refinancing or self-employed borrowers) and see which lenders they work with. Ask how they’re paid and how many lenders they’ll compare for you. You can message any mortgage broker on this page for free.

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