3/56 Collins Street, Mentone, Vic 3194
$580,000 - $630,000
2 1 1
Auction Saturday 19 September 2:00 pmOriginally developed as a 'New Brighton' resort in the late 19th century, Mentone quickly became a destination for Melbourne's elite. The arrival of the railway and the establishment of several prominent private schools transformed it from a seasonal retreat into a permanent residential stronghold. The suburb retains much of its Victorian and Edwardian architectural character, particularly around the station and school precincts.
Today, Mentone is defined by its status as an 'Education City,' hosting one of the highest concentrations of private schools in Melbourne. It balances a bustling, revitalized retail village with quiet, leafy residential streets and a popular swimming beach.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Mentone is a 'destination suburb' where families move specifically for 10-15 year education cycles. This creates a highly stable property market with low turnover and consistent demand regardless of broader economic cycles.
$1.35m – $2.8m
$580k – $950k
12-month movement
Current asking rents
The price gap between houses and units is widening, making well-located townhouses a high-demand 'middle ground' for young families.
Price comparison
Median price ÷ median income
Estimated rental yield
Mentone is a premium market. While more affordable than neighboring Beaumaris or Black Rock, it remains out of reach for many first-home buyers without significant deposits.
Lower = tighter market
Avg time on market
Annual rental increase
Professional families seeking school zones and young healthcare workers from nearby hospitals.
Excellent for capital growth and low vacancy. Investors should target 2-bedroom units or 3-bedroom townhouses within walking distance of the station to maximize yield and tenant quality.
Mentone is expected to outperform the broader Melbourne market slightly, underpinned by its 'recession-proof' status as an education hub. Expect steady 4-6% annual growth.
vs last 12 months
Relative comparison
General safety is high. Most local concerns relate to opportunistic theft from cars near the beach or station and traffic safety during school hours.
The primary risks are regulatory and environmental rather than social. Heritage overlays and coastal planning are the main due-diligence priorities.
Low risk for most, but specific pockets near the drainage reserve and coastal fringe are subject to Special Building Overlays (SBO).
Negligible risk; fully urbanized coastal suburb.
Generally standard, though properties within 200m of the high-water mark may see rising premiums due to long-term sea-level rise projections.
Heritage Overlay (HO), Special Building Overlay (SBO), Vegetation Protection Overlay (VPO).
Concentrated around the Mentone Activity Centre and along Nepean Highway.
Council is protective of the suburb's character. Significant developments are largely restricted to the transport corridor, preserving the leafy feel of the residential streets.
Excellent rail service and bus interchange; however, road traffic is heavy on Nepean Highway.
High-quality local shopping, diverse dining, and immediate access to the Bay Trail.
Good access to Mentone Parade gardens and the foreshore reserve.
The suburb's strongest asset; arguably the best educational precinct in Melbourne's south-east.
Close proximity to Sandringham Hospital and Moorabbin Hospital.
A stable, affluent community characterized by high-income families and a growing cohort of wealthy downsizers.
The high owner-occupancy rate and mature age profile contribute to the suburb's stability and well-maintained streetscapes.
Recent years were dominated by the Level Crossing Removal. Current focus is on the 'Mentone Renaissance' and Activity Centre upgrades.
Residents are fiercely loyal to the suburb, citing the convenience of having everything—schools, beach, and train—within walking distance. The main complaints are almost exclusively about school-run traffic.
We moved here for the schools and stayed for the lifestyle. Being able to walk the kids to school and then walk to the beach is a dream.
The new station is fantastic and the express trains get me to the city in 30 minutes. Parking near the station is getting harder though.
The Mentone village has so much character. I love the local cafes and the fact that I don't really need a car for my daily errands.
Between 8:00 and 9:00 AM, the streets are a nightmare. You have five schools all letting in at once. Don't try to drive through the center then.
I couldn't afford a house here, but a 70s unit gave me a way into the suburb. It's been a great investment so far.
The Mentone beach is one of the best-kept secrets. It's much quieter than Brighton but just as beautiful.
Position the property as a 'generational home' or a 'strategic education investment'. Emphasize the walkability to both the beach and the village to appeal to the lifestyle-conscious professional family.
High-income tenants and extremely low vacancy rates make Mentone a 'safe haven' investment.
Low rental yields compared to outer suburbs and high land tax on premium properties.
Access to elite amenities and a safe, high-status neighborhood.
High rents and intense competition for any property priced under $700pw.
Strict adherence to Victorian rental providers' gas and electrical safety checks every two years is mandatory.
The '15-minute neighborhood'—where school, beach, train, and coffee are all within a short walk.
Affluent families with 2+ children and professional couples planning for a family.
This report contains projected data and estimates for 2026 based on historical trends. It is provided for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent due diligence and consult with professional advisors before making any property purchase.
$580,000 - $630,000
2 1 1
Auction Saturday 19 September 2:00 pm
$1,700,000 - $1,850,000
4 2 3
Auction Saturday 12 September 10:30 am
$1,200,000-$1,300,000
3 1 1
Auction Saturday 12 September 10:00 am
$1,590,000 - $1,720,000
4 3 2
Auction Saturday 12 September 10:00 am
$1,850,000 - $2,000,000
4 2 6
Open Wednesday 26 August 4:15 pm Auction Saturday 12 September 11:30 am
$800,000 - $880,000
3 1 1
Open Wednesday 26 August 1:00 pm Auction Saturday 12 September 12:30 pm
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