With a capital gain of 7.94% for the last 12 months, Mentone, 3194 has performed for property investments than its average annual 7.21% property growth over the last 5 years.
The five-year average increase in median property values for Mentone,3194 has given property investors a potential capital gain of 32.01% across each of those five years.
At number 409th of VIC’s most discounted properties, Mentone is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $520 weekly from the median priced house in this suburb.
Investment property in Mentone has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.79%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mentone has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.05% to buyers in Mentone at the moment, which is less than average for the rest of VIC.
Situated 19.43km from the CBD, Mentone is one of Kingston localities in the postcode 3194.