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.