Suburb Profile Report for Frankston South VIC (3199)

Frankston South House: Median price $690,000, Annual capital growth 6.70%, Number of sales 343, Weekly median advertised rent $420

Frankston South Unit: Median price $490,000, Annual capital growth 5.76%, Number of sales 48, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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 11.29%

A 30.19% growth in median value for property investors in Frankston South,3199 puts this suburb at number 245th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Frankston South should be aiming for at least -5.75% off the asking price, which is the average vendor discount being achieved at the moment.

Frankston South is 381th on a list of best yielding suburbs for rents in VIC with a 3.17% return

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 13.95% to date .

Taking the average capital gain, or increase in median house value, Frankston South,3199 has racked up an average of 13.95% over the period. This ranks it number 616th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Frankston South itself are offering an average vendor discount of -9.19% to real estate investors.

HOUSE UNIT
$690,000 $490,000
2.99% 6.52%
11.29% 13.95%
6.70% 5.76%
$420 $360
343 48
3.17% 3.82%
37.23 72.48

Source: CoreLogic

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