With a capital gain of 12.08% for the last 12 months, Frankston South, 3199 has performed for property investments than its average annual 6.48% property growth over the last 5 years.
Over the longer term, Frankston South has seen property prices show investors a 29.14% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.36% to buyers in Frankston South at the moment, which is less than average for the rest of VIC.
Situated 41.97km from the CBD, Frankston South is one of Frankston localities in the postcode 3199.
If you compare the increase in value of investment property in Frankston South, 3199 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.10%.
Taking the average capital gain, or increase in median house value, Frankston South,3199 has racked up an average of 14.10% over the period. This ranks it number 592th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Frankston South 3199 should be seeing an average reduction in asking price of around -7.96% . This means that Frankston South is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $360 mark per week – giving a return of 3.79% based on the median price in Suburb