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Mentone
AREA REPORTS

Mentone

Mentone - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3194

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,410,000.

The upward trend in home prices in MENTONE, 3194 averaged 14.96% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.4% increase in returns based on the current median price in MENTONE.

An average of 10.25 real estate transactions take place per month in MENTONE which translates to 123 per annum.

123 properties were sold in MENTONE in 2016, making it the 683rd most active market in VIC based on total real estate transactions.

MENTONE, 3194 places 210th in Australia based on median property value growth during the quarter.

Data report can be found below

Mentone
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,410,000 $699,000
GROWTH REPORT
Median Quarterly 5.98% 1.14%
Median 12 month 34.03% 1.01%
Median 3 years 44.88% 25.95%
Median 5 years 55.8% 28.2%
10 years average annual 8.12% 5.27%
Weekly media advert. rent $650 $395
Time on Market 44.7 days 55.6 days
Gross Rental Yield Percent 2.4% 2.94%
demographics (median values)*
Total Population
12965
Weekly Household Income
1521
Household Size
2.30
Age
41
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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