Giving property investors a an average capital gain of 0.05% for the last year, Mentone, 3194 is the 1688th highest performer in Australia in this respect.
The five-year average increase in median property values for Mentone,3194 has given property investors a potential capital gain of 26.28% across each of those five years.
At number 31th of VIC’s most discounted properties, Mentone is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Mentone have been waiting around 72.4146 days to sell a property.
With the median price for a house in Mentone being $985000 and the advertised rent reaching $610 the gross rental yield for property investors calculates out to be 3.22%
Investment property in Mentone has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.86%
Taking the average capital gain, or increase in median house value, Mentone,3194 has racked up an average of 10.86% over the period. This ranks it number 470th in the whole country for real estate investors looking at median house price increases.
At number 74th of VIC’s most discounted properties, Mentone is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.90%, investors should hope to achieve an overall return of 3.41%