Suburb Profile Report for Mentone VIC (3194)

Mentone House: Median price $902,250, Annual capital growth 6.38%, Number of sales 136, Weekly median advertised rent $525

Mentone Unit: Median price $555,000, Annual capital growth 8.41%, Number of sales 172, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$902,250 $555,000
-0.30% 2.78%
-2.51% 17.83%
6.38% 8.41%
$525 $350
136 172
3.03% 3.28%
47.8 76.47

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
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Recent sales & rentals