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%