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%.