Suburb Profile Report for Mentone VIC (3194)

Mentone House: Median price $980,000, Annual capital growth 6.71%, Number of sales 135, Weekly median advertised rent $520

Mentone Unit: Median price $545,000, Annual capital growth 8.37%, Number of sales 190, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 7.31% for the last year, Mentone, 3194 is the 1832th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Mentone,3194 has racked up an average of 7.31% over the period. This ranks it number 907th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Mentone itself are offering an average vendor discount of -3.17% to real estate investors.

Residents and property investors in Mentone have been waiting around 33.35 days to sell a property.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.76%, without taking into account capital value appreciation, which has been averaging out at 6.71%.

With a capital gain of 11.22% for the last 12 months, Mentone, 3194 has performed for property investments than its average annual 8.37% property growth over the last 5 years.

Mentone,3194 has offered an average of 11.22% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mentone, 3194. Typically our figures indicate that -7.01% is being offered, which puts this VIC suburb at 277th most discounted overall in Australia.

At number 514 in a list of fastest selling suburbs, Mentone is in the TOP 40% of suburbs in Australia with an average of days on market 64.3 for properties listed there.

Metrics i HOUSE UNIT
$980,000 $545,000
6.96% -0.91%
7.31% 11.22%
6.71% 8.37%
$520 $360
135 190
2.76% 3.43%
33.35 64.3

Source: CoreLogic

DSR Score for property investment : 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