Suburb Profile Report for Frankston South VIC (3199)

Frankston South House: Median price $670,000, Annual capital growth 6.60%, Number of sales 347, Weekly median advertised rent $430

Frankston South Unit: Median price $460,000, Annual capital growth 5.89%, Number of sales 56, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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 14.24% to date .

Frankston South,3199 was ranked 690 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 -6.04. This rate of discount on properties puts Suburb at number 433th in terms of most discounted suburbs in VIC

At number 202 in a list of fastest selling suburbs, Frankston South is in the TOP 10% of suburbs in Australia with an average of days on market 39.79 for properties listed there.

Frankston South is 370th on a list of best yielding suburbs for rents in VIC with a 3.34% return

Investment property in Frankston South has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.88%

When looking at the potential capital gains offered to property investors over the last 3 years, Frankston South comes in at number 119th in VIC.

Frankston South, 3199 is offering VIC ‘s 38th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

Often selling an investment property can take time, and in Frankston South the average time real estate has been on the market is 64.55 days.

Advertised rents are around the $360 mark per week – giving a return of 4.07% based on the median price in Suburb

HOUSE UNIT
$670,000 $460,000
3.88% 0.99%
14.24% 8.88%
6.60% 5.89%
$430 $360
347 56
3.34% 4.07%
39.79 64.55

Source: CoreLogic

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