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MOMENTUM
MEDIA
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 $1,365,000.
The downward trend in home prices in MENTONE, 3194 averaged -2.06% per annum over a 3-year period.
Average weekly rents on listings have reached the $690 mark, reflecting a 2.63% increase in returns based on the current median price in MENTONE.
An average of 11.75 real estate transactions take place per month in MENTONE which translates to 141 per annum.
141 properties were sold in MENTONE in 2016, making it the 594th most active market in VIC based on total real estate transactions.
MENTONE, 3194 places 209th in Australia based on median property value growth during the quarter.
Mentone is a bayside suburb in Melbourne’s south-east, located about 21 kilometres from the Melbourne central business district.
The suburb sits primarily within the City of Kingston, with a small northern section in the City of Bayside, and is bordered by Beaumaris to the north, Cheltenham to the west, Parkdale to the south and Port Phillip Bay to the east.
Mentone combines established residential areas with coastal frontage and a defined activity centre near the railway station.
Census data shows Mentone has a moderate population with a demographic profile that includes families, professionals and older residents. The median age is close to the Melbourne average, reflecting a mix of long-term owner-occupiers and newer households.
Housing stock is varied, with detached dwellings forming a large proportion, alongside townhouses and low-rise apartments near main roads, schools and the station precinct.
Public transport access is a key feature of the suburb. Mentone railway station is on the Frankston line, providing direct services to Flinders Street Station with typical travel times of around 40 minutes.
Bus routes operate along Beach Road, Balcombe Road and Nepean Highway, connecting Mentone with neighbouring suburbs, shopping centres and employment areas.
Local amenities are concentrated around Mentone Parade and the station precinct. The shopping strip includes supermarkets, cafés, specialty retailers, medical services and professional offices.
Additional retail and commercial facilities are available nearby in Cheltenham, including Southland Shopping Centre.
Educational facilities are a notable feature, with several primary and secondary schools located within the suburb and surrounding areas.
Recreation and open space are closely linked to Mentone’s coastal location. Mentone Beach and the Bay Trail support swimming, walking and cycling along the foreshore.
Local parks, reserves and sporting facilities provide space for organised sport and community activities. Golf courses, fitness centres and additional beaches in neighbouring suburbs further expand recreational options for residents.