Suburb Profile Report for Mentone VIC (3194)

Mentone House: Median price $1,051,000, Annual capital growth 6.79%, Number of sales 130, Weekly median advertised rent $520

Mentone Unit: Median price $535,000, Annual capital growth 7.35%, Number of sales 181, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 11.00% which means that Mentone, 3194 has done well for property investors by showing a capital gain of 16.13% over the last year

A 62.95% growth in median value for property investors in Mentone,3194 puts this suburb at number 573th in terms of best performing suburbs in VIC

Vendor discounting in Mentone is giving property investors an average Vendor Discount of around -2.17%. This puts suburb at number 598th in VIC when ranking the most discounted suburbs.

In the last year 130 properties changed hands in Mentone, which puts it as the 194th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $6240 per annum or $520 every week.

Mentone is in the bottom 30% in VIC when comparing median price capital growth over the last year. Mentone gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

Over the longer term, Mentone has seen property prices show investors a 10.31% return over the last 3 years. This is worse than over the last 12 months

Mentone3194 is located in VIC which offers an average discount of -4.68% to property investors. Mentone itself is showing figures that indicate -7.12% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Mentone being $535000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.50%

Metrics i HOUSE UNIT
$1,051,000 $535,000
-0.38% -0.92%
16.13% 0.00%
6.79% 7.35%
$520 $360
130 181
2.57% 3.50%
32.59 51.1

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 11667
Median household income ($/weekly) 1288
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1204 10.3
    25-34 years 1458 12.5
    35-44 years 1778 15.2
    45-54 years 1677 14.4
    55-64 years 1390 11.9
    Others 4160 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 4286 47.8
    Not Married 3912 43.6
    Defacto Relationship 774 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8005 72.1
    Hong Kong 228 2.1
    Papua New Guinea 238 2.1
    United Kingdom 698 6.3
    Other 505 4.5
    Others 1433 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 215 2.0
    Christianity 7202 67.5
    Hinduism 139 1.3
    Islam 142 1.3
    No Religion 2802 26.3
    Others 166 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 404 9.4
    $800-$999 413 9.6
    $1,500-$1,999 535 12.4
    $2,000-$2,499 391 9.1
    $2,500-$2,999 407 9.4
    Others 2157 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3742 39.6
    Not in the labour force 3219 34.1
    Employed, worked part-time 1892 20.0
    Employed, away from work 353 3.7
    Unemployed, looking for work 238 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 875 14.6
    Professionals 1619 27.0
    Technicians & trades workers 704 11.8
    Clerical & administrative workers 970 16.2
    Sales 654 10.9
    Others 1164 19.4
    Occupation
    Census Count Percent(%)
    Pre-school 193 7.6
    Infants/Primary 786 31.0
    Secondary 693 27.3
    Technical or Further Educational Institution 242 9.6
    University or other Tertiary Institutions 548 21.6
    Others 72 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6578 60.8
    Flat, unit or apartment 2540 23.5
    Semi-detached, row or terrace house, townhouse 1673 15.5
    House or flat attached to a shop, office 34 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1705 36.7
    Being purchased 1481 31.9
    Rented 1433 30.9
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals