Over the last year, property investments in Mentone, 3194 have given investors a capital gain of -2.51%. This compares very badly with the 8.06% for VIC as a whole.
If we look at median property appreciation over just the last three months, Mentone has given property investors a paper return of -0.30%. This puts Suburb as 543 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Mentone is $902250, with sellers offering an average of -4.79% off the asking price.
Often selling an investment property can take time, and in Mentone the average time real estate has been on the market is 47.8 days.
Property investors should expect to get $525 weekly from the median priced house in this suburb.
With a capital gain of 17.83% for the last 12 months, Mentone, 3194 has performed for property investments than its average annual 8.41% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Mentone,3194 has racked up an average of 17.83% over the period. This ranks it number 803th in the whole country for real estate investors looking at median house price increases.
Mentone3194 is located in VIC which offers an average discount of -5.12% to property investors. Mentone itself is showing figures that indicate -5.48% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $350 mark per week – giving a return of 3.28% based on the median price in Suburb