With a capital gain of 17.49% for the last 12 months, Mentone, 3194 has performed for property investments than its average annual 7.57% 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 68.49% across each of those five years.
Mentone3194 is located in VIC which offers an average discount of -5.53% to property investors. Mentone itself is showing figures that indicate -2.05% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 11.25 sales per month, which equates to 135 per year.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 7.57%, investors should hope to achieve an overall return of 2.55%
Giving property investors a a stable capital gain of 7.01% for the last year, Mentone, 3194 is the 619th highest performer in Australia in this respect.
While Mentone,3194 ranked number 233th in VIC for increase in median house value (annualised) increase, it is ranked 142th over the last 5 years.
Property buyers and investors in Mentone 3194 should be seeing an average reduction in asking price of around -7.70% . This means that Mentone is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $360 weekly from the median priced house in this suburb.