AREA REPORTS

Mentone

Suburb Profile

Mentone - FREE 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 $1,005,000.

The upward trend in home prices in MENTONE, 3194 averaged 7.4% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 2.85% increase in returns based on the current median price in MENTONE.

An average of 13.25 real estate transactions take place per month in MENTONE which translates to 159 per annum.

159 properties were sold in MENTONE in 2016, making it the 550th most active market in VIC based on total real estate transactions.

MENTONE, 3194 places 632nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,005,000 $555,000
GROWTH REPORT
Median Quarterly -5.28% -0.54%
Median 12 month -5.46% 5.66%
Median 3 years 22.19% 16.84%
Median 5 years 47.04% 20.33%
10 years average annual 5% 5.62%
Weekly media advert. rent $550 $390
Time on Market 51.2 days 47.7 days
Gross Rental Yield Percent 2.85% 3.65%
demographics (median values)
Total Population
11235
Weekly Household Income
1008
Household Size
2.20
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