Frankston South, 3199 ranked 160th 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
Across a shorter period, Frankston South, 3199 has seen a median price increase of 4.17% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Frankston South, 3199. Typically our figures indicate that -5.39% is being offered, which puts this VIC suburb at 2175th most discounted overall in Australia.
Often selling an investment property can take time, and in Frankston South the average time real estate has been on the market is 36.23 days.
With the median price for a house in Frankston South being $724000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.09%
Frankston South has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.86% to date .
Frankston South,3199 was ranked 649 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Frankston South is offering property investors an average of -5.03. This rate of discount on properties puts Suburb at number 12th in terms of most discounted suburbs in VIC
Residents and property investors in Frankston South have been waiting around 64.28 days to sell a property.
A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 3.92%, without taking into account capital value appreciation, which has been averaging out at 5.25%.