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Mentone

The Mentone property market has eased slightly over the past 12 months to November 2018.

There have been 328 properties listed over the past 12 months, while 284 have sold. This compares to 348 listings for the same time last year, and 364 sales.

The current median sales price of a house in Mentone is $984,500. This represents a decline of -4.4% over the past 12 months.

The time it takes to sell a house in Mentone is currently 28 days. This timing is 0 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $560,750. Apartment prices have flattened by 2.9% over the past 12 months. The time it takes to sell a unit in Mentone is currently 27 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$1,252,500
(22)
$766,000
(15)
2$955,000
(14)
$788,500
(10)
3$1,585,000
(10)
$685,000
(52)
4$900,000
(29)
$708,750
(80)
5$750,000
(13)
$590,000
(15)

Median Sales

House
Unit
$1,030,000

Nov 2017
(12 months)

$984,500

Nov 2018
(12 months)

$545,000

Nov 2017
(12 months)

$560,750

Nov 2018
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

139
Nov 2017
(12 months)
140
Nov 2018
(12 months)

0.7%

MOVEMENT


225
Nov 2017
(12 months)
144
Nov 2018
(12 months)

-36%

MOVEMENT

Number of Listings

 House Listings Unit Listings
132
210
27
Days on Market

Rentals

Rental Yield

3.1%

Median Asking Rent

$592.5
per week

Percentage Rented

HOUSES & UNITS
34.6%

Rental Yield

3.7%

Median Asking Rent

$395
per week

Population

Population
12,973

Family Composition

CHILDLESS COUPLE

39.4%

COUPLES WITH CHILDREN

43.9%

SINGLE PARENTS

15.1%

OTHER

1.8%

Tenure Type

RENTING

34.6%

OWNS OUTRIGHT

31.6%

PURCHASING

31.3%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Dec 17 - Nov 18 unless otherwise stated. For listings, 1 Feb 18 - Jan 19.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.