Mentone is a well-established suburb in Victoria within the Kingston (Vic.) local government area (postcode 3194). With a population of 13,197, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mentone is $1.3 million, having dipped slightly 0.9% over the past year. Units have a median price of $605,000 (-11.7% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.2%. 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.
From an investment perspective, Mentone offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved -0.9% year-on-year.
Mentone is a well-established suburb in Victoria within the Kingston (Vic.) local government area (postcode 3194). With a population of 13,197, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mentone is $1.3 million, having dipped slightly 0.9% over the past year. Units have a median price of $605,000 (-11.7% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.2%. 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.
From an investment perspective, Mentone offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved -0.9% year-on-year.