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 13.28%.
The five-year average increase in median property values for Frankston South,3199 has given property investors a potential capital gain of 38.35% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Frankston South is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 197th in terms of most discounted suburbs in VIC
In the last year 351 properties changed hands in Frankston South, which puts it as the 44th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Frankston South being $712500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.14%
Property investors who have had real estate in Frankston South, 3199 should be 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 13.86%
The five-year average increase in median property values for Frankston South,3199 has given property investors a potential capital gain of 23.63% across each of those five years.
Property buyers and investors in Frankston South 3199 should be seeing an average reduction in asking price of around -5.21% . This means that Frankston South is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Frankston South the average time real estate has been on the market is 65.73 days.