Suburb Profile Report for Mentone VIC (3194)

Mentone House: Median price $917,500, Annual capital growth 7.21%, Number of sales 127, Weekly median advertised rent $520

Mentone Unit: Median price $550,000, Annual capital growth 8.65%, Number of sales 175, Weekly median advertised rent $353

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$917,500 $550,000
1.38% 10.55%
7.94% 15.79%
7.21% 8.65%
$520 $353
127 175
2.95% 3.33%
48.48 77.53

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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