Mentone Property Market & Buyers Agents 2026

The Mentone property market is characterized by resilience and steady, long-term growth, making it a dependable choice for both owner-occupiers and investors. As of early 2026, the median house price sits around $1.37 million, reflecting a consistent annual growth of approximately 3.0%. The unit market, with a median of $640,000, has seen a slight decrease of 1.4% annually, though it offers a more accessible entry point into this desirable bayside locale. Demand in Mentone is fundamentally driven by its lifestyle appeal and, most significantly, its cluster of high-performing schools. This creates a constant influx of families seeking to secure a place within coveted school zones, which in turn keeps a floor under property values. Properties are often tightly held, with an average hold period of over 13 years, contributing to a constrained supply. This low stock on market, combined with active buyer interest, results in a relatively quick turnover, with houses averaging just 27 days on market. While the market is not prone to the speculative spikes of some inner-city suburbs, its stability is its strength. The rental market is also robust, with a very low vacancy rate of 0.93% and a rental yield for houses around 3.3%. This indicates strong tenant demand, providing a degree of security for investors. However, the primary investment thesis for Mentone is capital growth over cash flow. Recent infrastructure upgrades, including the removal of the Balcombe Road level crossing and the new Mentone station precinct completed in 2020, have enhanced the suburb's connectivity and village atmosphere, further cementing its appeal and supporting a positive long-term price trajectory.

Located 21km south-east of Melbourne's CBD, Mentone is a premier bayside suburb renowned for its stunning coastline, prestigious schools, and village atmosphere. Its character is shaped by the beautiful Mentone Beach, which stretches along Beaumaris Bay, and its history as a 19th-century resort town.

Education is a major drawcard, with a high concentration of respected schools including the independent Mentone Grammar, Mentone Girls' Grammar, St Bede's College, and Kilbreda College, alongside the well-regarded public Mentone Girls' Secondary College. This educational precinct makes it a magnet for families.

Transport is centered around the recently upgraded Mentone Station, which provides a direct 40-minute train journey to the CBD on the Frankston line. The suburb is also well-serviced by numerous bus routes, including the 903 SmartBus, connecting it to major hubs like Southland, Brighton, and Dandenong. The Nepean Highway provides a primary arterial road link.

Shopping and dining are focused around Mentone Village on Como Parade and Balcombe Road, offering a mix of cafes, casual restaurants, and essential retail including Coles and Woolworths supermarkets. For major retail, Westfield Southland is just a short drive or bus trip away.

The suburb is rich in parks and recreational facilities. The foreshore features walking and cycling paths, and the Mentone Life Saving Club is a community hub. Numerous parks and sporting clubs for football, tennis, and bowls cater to an active lifestyle.