If you compare the increase in value of investment property in Mentone, 3194 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.00%.
Mentone,3194 has offered an average of -2.00% 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 -4.66% is being offered, which puts this VIC suburb at 2824th most discounted overall in Australia.
With the median price for a house in Mentone being $905000 and the advertised rent reaching $522.5 the gross rental yield for property investors calculates out to be 3.00%
Mentone is in the TOP 10% in VIC when comparing median price capital growth over the last year. Mentone gave property investors a very good capital gain figure when compared to the rest of the state, with 16.90%.
While Mentone,3194 ranked number 196th in VIC for increase in median house value (annualised) increase, it is ranked 90th over the last 5 years.
Mentone, 3194 is offering VIC ‘s 113th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
Mentone, 3194’s gross rental yield is 3.31%