VIC has seen average median house prices change by 11.00% which means that Mentone, 3194 has done well for property investors by showing a capital gain of 16.13% over the last year
A 62.95% growth in median value for property investors in Mentone,3194 puts this suburb at number 573th in terms of best performing suburbs in VIC
Vendor discounting in Mentone is giving property investors an average Vendor Discount of around -2.17%. This puts suburb at number 598th in VIC when ranking the most discounted suburbs.
In the last year 130 properties changed hands in Mentone, which puts it as the 194th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6240 per annum or $520 every week.
Mentone is in the bottom 30% in VIC when comparing median price capital growth over the last year. Mentone gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.
Over the longer term, Mentone has seen property prices show investors a 10.31% return over the last 3 years. This is worse than over the last 12 months
Mentone3194 is located in VIC which offers an average discount of -4.68% to property investors. Mentone itself is showing figures that indicate -7.12% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Mentone being $535000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.50%