Mentone (postcode 3194) is an established suburb in Victoria within the Kingston (Vic.) local government area. The area has roughly 13,197 residents and an established family demographic, with a median age of 42. Households earn a median income of $98K per year, with an average household size of 2.3 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Mentone is $1.2 million, having fallen by 5.9% over the past year. Units have a median price of $775,000 (+28.1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,167.
Mentone is served by 8 schools, including 3 primary, 3 secondary, 2 combined. The average ICSEA score is 1116, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 58 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
Looking at the investment signals, Mentone shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 12.6x is considered stretched. House prices have moved -5.9% year-on-year.