Frankston South, 3199 ranked 165th in VIC when comparing growth in median property values or capital gain over the last 12 months. Frankston South is one of 2098 in our list for VIC
The five-year average increase in median property values for Frankston South,3199 has given property investors a potential capital gain of 46.12% across each of those five years.
Our latest figures would indicate that property sellers in Frankston South are currently offering property investors an average price cut of -4.98% below the asking price at the moment.
On average over the past year, suburb has had 28.50 sales per month, which equates to 342 per year.
The VIC suburb of Frankston South, 3199 is in the Frankston local government area.
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 14.13%.
A 28.05% growth in median value for property investors in Frankston South,3199 puts this suburb at number 45th in terms of best performing suburbs in VIC
Property buyers and investors in Frankston South 3199 should be seeing an average reduction in asking price of around -6.70% . This means that Frankston South is holding prices well when compared to other suburbs in VIC.
In the last year 52 properties changed hands in Frankston South, which puts it as the 177th most active market in VIC when comparing the number of sales per suburb.
Frankston South, 3199’s gross rental yield is 3.74%