Mentone
3194 VIC
Situated in MENTONE, VIC 3194, the suburb has a total population of 13197 with a diverse demographic composition. With a mix of age groups ranging from young children to seniors, the suburb offers a varied community lifestyle. The majority of occupations include professionals, managers, and technicians/tradeworkers, indicating a well-educated and skilled workforce. The suburb provides good accessibility to various modes of transportation, with a significant portion of residents working from home.
For home buyers looking to live in MENTONE, the suburb offers a peaceful environment with access to essential amenities and good educational opportunities for families. Investors keen on the area may find the high rental yields for both Houses and Units attractive. Properties in MENTONE present potential for renovators, particularly Houses with notable discrepancies in sale prices between Q1 and Q3. Additionally, the suburb shows stability in the market with steady demand for rental properties.
MENTONE, VIC 3194, offers residents a comfortable lifestyle with a strong sense of community and convenient access to public transport. Investors and developers have the opportunity to capitalize on the high rental yields and demand for property in the area, especially considering the potential for renovation projects in the suburb's housing market.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Mentone houses.
Median Price
$1.310M
# Sales
152
12M Growth
0.8%
10Y Ave Growth
3.5%
Why Buyers Look Here
Owner occupier appeal — 66% owner-occupied — strong community stability and pride of ownership.
Tight supply — Only 0.7% of stock on market — limited turnover supports price growth.
Fast selling market — Properties sell in a median of 27 days — high buyer competition.
Capital Growth
Pricing and long-term growth profile for Mentone houses.
Median Price
$1.310M
# Sales
152
12M Growth
0.8%
10Y Ave Growth
3.5%
Rental Market
Yield, rental pricing and vacancy performance for Mentone houses.
Weekly Rent
$825
Rental Yield
3.4%
Vacancy Rate
1.1%
Rentals Last 12M
139
Supply & Demand
Stock levels, days on market and selling conditions for Mentone.
Stock on Market
0.7%
Days on Market
27
Building Approvals
0.4%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Mentone.
Population
13,197
Owner Occupiers
66%
Median Income
$98k
IRSAD Rank
91
Recent Sales
Recently sold properties in Mentone.
