Property value increases in Frankston South have tracked just higher than the VIC average of 8.23% over the last 12 months.
Across a shorter period, Frankston South, 3199 has seen a median price increase of 3.19% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Frankston South itself are offering an average vendor discount of -4.32% to real estate investors.
With the median price for a house in Frankston South being $650100 and the advertised rent reaching $422.5 the gross rental yield for property investors calculates out to be 3.38%
VIC has seen average median house prices change by 4.09% which means that Frankston South, 3199 has done well for property investors by showing a capital gain of 9.52% over the last year
Over the longer term, Frankston South has seen property prices show investors a 18.99% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Frankston South should be aiming for at least -6.23% off the asking price, which is the average vendor discount being achieved at the moment.
At number 537 in a list of fastest selling suburbs, Frankston South is in the TOP 40% of suburbs in Australia with an average of days on market 62.72 for properties listed there.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.