Suburb Profile Report for Mentone VIC (3194)

Mentone House: Median price $985,000, Annual capital growth 5.57%, Number of sales 95, Weekly median advertised rent $610

Mentone Unit: Median price $610,000, Annual capital growth 6.90%, Number of sales 135, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$985,000 $610,000
4.23% 1.67%
0.05% 10.86%
5.57% 6.90%
$610 $400
95 135
3.22% 3.41%
72.4146341463415 68.9090909090909

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 11667
Median household income ($/weekly) 1288
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1204 10.3
    25-34 years 1458 12.5
    35-44 years 1778 15.2
    45-54 years 1677 14.4
    55-64 years 1390 11.9
    Others 4160 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 4286 47.8
    Not Married 3912 43.6
    Defacto Relationship 774 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8005 72.1
    Hong Kong 228 2.1
    Papua New Guinea 238 2.1
    United Kingdom 698 6.3
    Other 505 4.5
    Others 1433 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 215 2.0
    Christianity 7202 67.5
    Hinduism 139 1.3
    Islam 142 1.3
    No Religion 2802 26.3
    Others 166 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 404 9.4
    $800-$999 413 9.6
    $1,500-$1,999 535 12.4
    $2,000-$2,499 391 9.1
    $2,500-$2,999 407 9.4
    Others 2157 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3742 39.6
    Not in the labour force 3219 34.1
    Employed, worked part-time 1892 20.0
    Employed, away from work 353 3.7
    Unemployed, looking for work 238 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 875 14.6
    Professionals 1619 27.0
    Technicians & trades workers 704 11.8
    Clerical & administrative workers 970 16.2
    Sales 654 10.9
    Others 1164 19.4
    Occupation
    Census Count Percent(%)
    Pre-school 193 7.6
    Infants/Primary 786 31.0
    Secondary 693 27.3
    Technical or Further Educational Institution 242 9.6
    University or other Tertiary Institutions 548 21.6
    Others 72 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6578 60.8
    Flat, unit or apartment 2540 23.5
    Semi-detached, row or terrace house, townhouse 1673 15.5
    House or flat attached to a shop, office 34 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1705 36.7
    Being purchased 1481 31.9
    Rented 1433 30.9
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
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