Giving property investors a a solid capital gain of 19.13% for the last year, Frankston North, 3200 is the 285th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Frankston North has increased when compared to the 5 year average annual rate.
Property buyers and investors in Frankston North 3200 should be seeing an average reduction in asking price of around -3.30% . This means that Frankston North is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Frankston North the average time real estate has been on the market is 29.55 days.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 7.66%.
Frankston North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.08% to date .
While Frankston North,3200 ranked number 197th in VIC for increase in median house value (annualised) increase, it is ranked 337th over the last 5 years.