Suburb Profile Report for Frankston South VIC (3199)

Frankston South House: Median price $724,000, Annual capital growth 6.66%, Number of sales 343, Weekly median advertised rent $430

Frankston South Unit: Median price $501,000, Annual capital growth 5.25%, Number of sales 57, Weekly median advertised rent $378

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$724,000 $501,000
4.17% 1.83%
14.92% 13.86%
6.66% 5.25%
$430 $378
343 57
3.09% 3.92%
36.23 64.28

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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