Suburb Profile Report for Frankston South VIC (3199)

Frankston South House: Median price $683,000, Annual capital growth 6.62%, Number of sales 337, Weekly median advertised rent $425

Frankston South Unit: Median price $460,500, Annual capital growth 5.42%, Number of sales 51, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Frankston South, 3199 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.38%

A 28.69% growth in median value for property investors in Frankston South,3199 puts this suburb at number 430th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Frankston South are currently offering property investors an average price cut of -6.15% below the asking price at the moment.

On average over the past year, suburb has had 28.08 sales per month, which equates to 337 per year.

The VIC suburb of Frankston South, 3199 is in the Frankston local government area.

Over the last year, property investments in Frankston South, 3199 have given investors a capital gain of 7.66%. This compares favourably with the 3.11% for VIC as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Frankston South has increased when compared to the 5 year average annual rate.

Frankston South3199 is located in VIC which offers an average discount of -5.12% to property investors. Frankston South itself is showing figures that indicate -9.67% is the average achievable by property buyers investing in the suburb.

At number 653 in a list of fastest selling suburbs, Frankston South is just in the top half of suburbs in Australia with an average of days on market 73.34 for properties listed there.

With the median price for a house in Frankston South being $460500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.07%

HOUSE UNIT
$683,000 $460,500
1.19% 0.11%
10.38% 7.66%
6.62% 5.42%
$425 $360
337 51
3.24% 4.07%
37.04 73.34

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 17612
Median household income ($/weekly) 1372
Median age of persons 43
Median housing loan repayment ($/monthly) 1800
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2237 12.7
    35-44 years 2398 13.6
    45-54 years 2663 15.1
    55-64 years 2272 12.9
    65-74 years 1645 9.3
    Others 6398 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 7115 54.3
    Not Married 4916 37.5
    Defacto Relationship 1081 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 13089 77.7
    Greece 131 0.8
    Papua New Guinea 246 1.5
    United Kingdom 1751 10.4
    Other 423 2.5
    Others 1197 7.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 143 0.9
    Christianity 10564 66.1
    Islam 55 0.3
    Other Religious Groups 49 0.3
    No Religion 5106 32.0
    Others 64 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 607 10.8
    $600-$799 513 9.1
    $1,500-$1,999 733 13.0
    $2,000-$2,499 594 10.5
    $2,500-$2,999 543 9.6
    Others 2652 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5035 36.6
    Not in the labour force 4797 34.8
    Employed, worked part-time 3007 21.8
    Employed, away from work 551 4.0
    Unemployed, looking for work 382 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1214 14.1
    Professionals 1915 22.3
    Technicians & trades workers 1309 15.2
    Clerical & administrative workers 1313 15.3
    Sales 1064 12.4
    Others 1781 20.7
    Occupation
    Census Count Percent(%)
    Pre-school 312 7.4
    Infants/Primary 1454 34.6
    Secondary 1330 31.7
    Technical or Further Educational Institution 370 8.8
    University or other Tertiary Institutions 617 14.7
    Others 116 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15210 92.5
    Semi-detached, row or terrace house, townhouse 563 3.4
    Flat, unit or apartment 597 3.6
    Caravan, cabin, houseboat 63 0.4
    House or flat attached to a shop, office 16 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2609 42.2
    Fully owned 2346 37.9
    Rented 994 16.1
    Other tenure type 240 3.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals