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Mentone, VIC 3194

Home » VIC Real Estate Data » Kingston City, VIC » Mentone, VIC 3194

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mentone, VIC 3194 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mentone, VIC 3194”

  1. The total adult population (15 years or older) of Mentone 3194 VIC is 11,122, with a median age of 42. Of those, 45.18% are married, 13.28% are divorced or separated, 36.34% are single and 5.16% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $10,416. The median monthly mortgage repayment for households in this suburb is $2,167 which is 20.80% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the lush state of Victoria, the suburb of Mentone 3194, with an estimated total of 7,232 households, is an active player in the Australian real estate market. By the third quarter of 2023, the median house prices in Mentone elevated to an impressive $1,454,023. Further, houses garnered an average weekly rent of $649, somewhat limited but still delivering an indicative yield of 2.32%.

    Casting an eye over the socio-economic landscape, Mentone scored 1072 out of a possible 1217 on the IRSAD score, indicating a rather wealthy residential area marked by high levels of economic resources and income potential. However, with the renter to owner ratio at 32%, there’s a balance split between homeowners and renters, slightly favoring the number of homeowners.

    Interestingly, Mentone’s units to houses ratio reveals a slightly more populous segment of units with 55% when compared to houses. Still, the prevalent nature of the property market in Mentone shines clearly in a detailed analysis of its affordability index. Here, it dives towards the higher spectrum, with a value of 55 years marking the estimated duration required for homeownership, assuming a standard 30-year mortgage.

    A closer inspection of the supply metrics reveals a rather slim volume of available houses on the market, with a low stock on market Percentage of 0.14% coupled with an extremely lean inventory level of approximately 0.46 months. Further, the building approvals Ratio for houses is noted to be on the lower side at 0.79%.

    Demand metrics present a vibrant snapshot, with houses spending minimal time on the market. The average number of days `for sale’ listings remain active on the web stands at a quick 16 days, pointing to a high demand market. Meanwhile, the Vacancy Rate, combining both houses and units, is at a fairly satisfactory level of 1.76%, indicative of slightly neutral market conditions. However, the buy search index for houses is recorded to be 3, hinting at less than perfect demand.

    Whilst this detailed perspective offers valuable insights, remember the RCS (Relative Composite Score) developed by HtAG Analytics provides a streamlined approach for property investors by amalgamating over 80 vital metrics. In addition, not only the values themselves but the trend they are on is vital for making rewarding investment decisions. It’s also important not to be discouraged if a few metrics fall in unfavourable ranges when the majority are favourable—a comprehensive, balanced view of the market is the key to investment success.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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