Mentone Real Estate
Mentone is one of the Melbourne’s more affordable bayside suburbs. But is it a good option for investors?
In 2012, Mentone had a population of 12,458, according to the Australian Bureau of Statistics. The average monthly mortgage payment in 2011 was $2,171.
The majority of the suburb’s homes are occupied by families, rather than lone occupants or house-sharers; in 2011, 64% of Mentone homes were family-occupied. Of the suburb’s 3,104 families, 1,371 with children under 15 and/or dependent students.
The high proportion of families in Mentone is unsurprising, given some of the key drivers of demand in the suburb. Jason C Swift, director of Hodges Real Estate Mentone, says residents are attracted to the suburb’s schools.
“The area boasts a number of good public and private schools including Kilbreda College, St Bede’s College, Mentone Grammar School, Mentone Girl’s Grammar School and Mentone Girl’s Secondary College – providing families with children a great reason to reside in the area,” says Swift. Schools remain a key concern for many buyers, as in the nearby Sandringham.
According to Swift, lifestyle factors and local amenities are also a key quality for the suburb.
“Mentone offers a great beach lifestyle with many leisure activities at its residents’ front doorsteps. It is home to a number of sporting associations including a lifesaving club, cricket club, football club, tennis club and lawn bowls club,” says Swift.
“For shopping enthusiasts, Mentone has a number of retail strips including Como Parade West and Balcombe Road. Surrounding side streets offer restaurants, cafes, supermarkets, bakeries, home-wares and book shops, and the strip alongside the Nepean Highway is home to many large furniture retailers, car dealerships and hardware stores. Furthermore, Mentone is situated close to Southland, one of Victoria’s largest shopping malls.”
Located 21 kilometres from Melbourne’s CBD, Mentone is still relatively well serviced by public transport and roads, Swift explains.
“Transport options for the commute from Mentone into Melbourne’s CBD are good, with both a reliable train line and easily accessible road links.”
The Mentone railway station is serviced by the Frankston line and falls in Metro’s Zone 2, meaning ticket prices are substantially more for Mentone residents than they are for those in Bentleigh, five stations closer to the city. A train trip into the city will take Mentone residents around 40 minutes.
Mentone is a great location to buy a property. Hodges offers a variety of Mentone real estate that includes homes for sale, apartments for sale and houses for rent. View the latest auction times, open for inspections, houses for sale, recently sold properties and recently leased properties.