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Investment Property Mentone, VIC, 3194

Suburb Snapshot

Mentone is a suburb in the Kingston Region of Victoria. Mentone has a population of 12,958 people and 30.20% of its occupants live in rental accommodation. The median listing price for houses is $1,250,000 and this has changed -8.43% over the past year and changed -5.31% over 2 years.

The median rent in Mentone for houses is $700 per week and the median rental yield is 2.91%. Stock on the market for houses/townhouses has changed 7.32% compared to last year and the average time to sell a house/townhouse is 55 days.The median listing price for units is $499,500 and this has changed -4.86% over the past year. The average unit takes 82 days to sell and the median rent for a unit in Mentone is $425 per week, producing a rental yield of 4.42%.

Supply & Demand in Mentone, Kingston

1.01%

Current vacancy rate


67

Rental stock available


12,958

Population


30.20%

Rental population


0.68%

Current vacancy rate


476

Rental stock available


151,389

Population


22.80%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Mentone, Kingston

  House Townhouses Units
Median listing price $1,250,000 $965,000 $499,500
Median price change - last quarter -3.85% -3.50% -0.10%
Median price change - 1 year -8.43% -12.28% -4.86%
Median price change - 2 years -5.31% -3.26% -2.06%
  House Townhouses Units
Median weekly rent $700 $700 $425
Median yield % 2.91% 3.77% 4.42%
Median rent change - 1 year 7.69% 12.90% 7.59%
  House Units
Previous month sales 7 7
Stock on market previous month 44 48
Stock variance vs. last year 7.32% 11.63%
Average days on market 55 82

Mentone investment property listings

Showing 5 of 81 investment properties found in Mentone on realestateinvestar.com.au

9/19 Florence St, MENTONE

$600,000

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Unit

VIC 3194


10 Sycamore Ave, MENTONE

$1,300,000

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House

VIC 3194


4/50 Riviera St, Mentone

$620,000

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Renovated, Street Front, With Front & Rear Yard

Offering a charming front-facing aspect, lush front yard and white picket fence, this renovated 2 bedroom home presents a low-maintenance lifestyle in a sought after location. In a very small boutique block and with NO owners corporation fees (only a low insurance policy) the home offers an ...

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VIC 3194


19 Sarzana St, Mentone

$1,300,000

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Elegant & Spacious Townhouse in Desirable Location

Masterfully brought to life across two outstanding levels, this newly finished three-bedroom, two-bathroom residence is a testament to sophisticated style, superior comfort, and superb liveability. Capturing the true essence of effortless contemporary living, the spacious yet desirably low ...

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Townhouse

VIC 3194


31 Lower Dandenong Rd, Mentone

$1,050,000

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ENJOY, RENOVATE OR MAYBE REBUILD situated off Service Road

Enjoying the convenience and peace of mind of service road access, and blessed with a highly sought-after northerly rear, this impeccably presented 3-bedroom home presents buyers with the enviable dilemma of renovating, rebuilding or developing (STCA)- but all with the huge drawcard of immediate ...

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VIC 3194


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