Over the last year, property investments in Frankston South, 3199 have given investors a capital gain of 18.16%. This compares favourably with the 11.00% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Frankston South,3199 has racked up an average of 18.16% over the period. This ranks it number 943th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Frankston South should be aiming for at least -4.29% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 7.24%, investors should hope to achieve an overall return of 2.96%
Property value increases in Frankston South have tracked higher than the VIC average of 5.66% over the last 12 months.
Comparing Frankston South,3199 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Frankston South is $530000, with sellers offering an average of -6.60% off the asking price.
Frankston South is 235th on a list of best yielding suburbs for rents in VIC with a 3.73% return