Over the last year, property investments in Mentone, 3194 have given investors a capital gain of -5.47%. This compares badly with the -1.79% for VIC as a whole.
Mentone,3194 was ranked 2378 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Mentone are currently offering property investors an average price cut of -10.17% below the asking price at the moment.
Using the current median advertised rental of $620 and the average annual increase in value of a median property of 5.31%, investors should hope to achieve an overall return of 3.39%
Giving property investors a a solid capital gain of 8.06% for the last year, Mentone, 3194 is the 233th highest performer in Australia in this respect.
Mentone,3194 has offered an average of 8.06% return per annum in house price rises to property investors over the last three years.
Mentone3194 is located in VIC which offers an average discount of -6.31% to property investors. Mentone itself is showing figures that indicate -7.53% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Mentone have been waiting around 68.3286 days to sell a property.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.49%, without taking into account capital value appreciation, which has been averaging out at 7.52%.