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Mentone, VIC 3194
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,370,000
market range $1.3M-$1.6M
Median Unit
$660,000
market range $600K-$725K
Gross Yield (houses)
3.1%
1yr Growth (houses)
+3.4%
market range -2.5% to +15.0%
Investment snapshot for Mentone
Mentone has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mentone market and investor summary
In Mentone, VIC 3194, the median house sells for around $1.4M, on a gross rental yield of 3.1% for houses. House prices have moved +3.4% over the past year. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking. Houses also take time to sell, around 65 days on market, so plan for a slower exit if you ever need one.
Living in Mentone: people, income and schools
About 13,197 people live in Mentone, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and families account for 65% of households.
The typical household income runs to around $98,000 a year (about $1,890 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.9 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 34 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Mentone sits about 21 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 69 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 13,197
- +2% over 5yr
- Median age
- 42 years
- Median household income
- $98,000/yr
- Households renting
- 32%
- Family households
- 65%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 34
- avg ICSEA 1097
- Unemployment
- 5.2%
- Distance to CBD
- 21 km
- Walk score
- 69/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mentone
View all →Frequently asked questions about Mentone
What should I check before investing in Mentone?
Mentone has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Tight rental market (0.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mentone?
The median property price in Mentone, VIC 3194 is $1.4M for houses and $660K for units.
What rental yield does Mentone show?
The gross rental yield in Mentone is 3.1% for houses and 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Mentone?
House prices in Mentone are up 3.4% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Mentone?
The current vacancy rate in Mentone is 0.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Mentone?
Mentone has a population of approximately 13,197 residents, with a median age of 42.
What schools are near Mentone?
There are 34 schools within roughly 5km of Mentone. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Mentone affordable to buy in?
A median house in Mentone costs about 13.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Mentone's population growing?
The population of Mentone has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Mentone from the CBD?
Mentone is about 21 km from the CBD.
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