Suburb Profile Report for Mentone VIC (3194)

Mentone House: Median price $915,000, Annual capital growth 6.03%, Number of sales 140, Weekly median advertised rent $525

Mentone Unit: Median price $550,000, Annual capital growth 8.26%, Number of sales 184, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Mentone has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -1.61% to date .

Over the longer term, Mentone has seen property prices show investors a 32.70% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Mentone should be aiming for at least -4.72% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 11.67 sales per month, which equates to 140 per year.

Mentone is 409th on a list of best yielding suburbs for rents in VIC with a 2.98% return

Over the last year, property investments in Mentone, 3194 have given investors a capital gain of 15.79%. This compares very favourably with the 3.49% for VIC as a whole.

Over the longer term, Mentone has seen property prices show investors a 13.40% return over the last 3 years. This is an improvement over the last 12 months

Property buyers and investors in Mentone 3194 should be seeing an average reduction in asking price of around -5.65% . This means that Mentone is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Mentone have been waiting around 78.69 days to sell a property.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 8.26%.

Metrics i HOUSE UNIT
$915,000 $550,000
1.24% 0.00%
-1.61% 15.79%
6.03% 8.26%
$525 $350
140 184
2.98% 3.31%
43.84 78.69

Source: CoreLogic

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