Mentone vs Cheltenham
Cheltenham (median $1,302,500) is roughly 12% cheaper to buy into than Mentone ($1,487,000).
Buying in Mentone or Cheltenham?
Selling in Mentone? The free selling guide
Mentone and Cheltenham side by side
| Measure | Mentone | Cheltenham |
|---|---|---|
| Price and market | ||
| Median house | $1,487,000 | $1,302,500 |
| Median unit | $651,500 | $675,000 |
| Renting | ||
| House rent | $750/wk | $720/wk |
| Unit rent | $550/wk | $550/wk |
| Owner occupied | 66.0% | – |
| Renter occupied | 32.0% | – |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1115 | 1108 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 60 | 0 |
| Bike score | 100 | 100 |
| Population | 13,197 | – |
| Median age | 42 | – |
| Climate | ||
| Annual rainfall | 634 mm | 640 mm |
| Mean max, January | 25.8°C | 26.1°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Mentone (1115) sits above Cheltenham (1108).
- For buyers
- Cheltenham is the lower entry point at $1,302,500 median, 12% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Cheltenham offers the higher gross rental yield (2.87% vs 2.62%), favouring cash-flow investors.
- For families
- Mentone edges out on average school ICSEA (1115 vs 1108).
Mentone vs Cheltenham: common questions
Is Mentone or Cheltenham cheaper to buy in?
Cheltenham has the lower median house price at $1,302,500, roughly 12% below Mentone ($1,487,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Mentone or Cheltenham have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mentone scores 1115 vs 1108 in Cheltenham. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Mentone or Cheltenham?
Gross rental yield on houses is 2.87% in Cheltenham vs 2.62% in Mentone. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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