Suburb Profile Report for Frankston North VIC (3200)

Frankston North House: Median price $355,000, Annual capital growth 7.66%, Number of sales 147, Weekly median advertised rent $295

Frankston North Unit: Median price $306,250, Annual capital growth 4.08%, Number of sales 10, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$355,000 $306,250
7.58% 0.41%
19.13% 4.08%
7.66% 4.08%
$295 N/A
147 10
4.32% N/A
29.55 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 5626
Median household income ($/weekly) 760
Median age of persons 39
Median housing loan repayment ($/monthly) 1180
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 669 11.9
    25-34 years 718 12.8
    35-44 years 738 13.1
    45-54 years 760 13.5
    55-64 years 610 10.8
    Others 2132 37.9
    Age Group
    Census Count Percent(%)
    Not Married 2426 58.6
    Registered Married 1297 31.3
    Defacto Relationship 420 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3946 76.2
    Papua New Guinea 173 3.3
    Philippines 50 1.0
    United Kingdom 418 8.1
    Other 234 4.5
    Others 355 6.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 61 1.3
    Christianity 2958 61.6
    Islam 44 0.9
    Other Religious Groups 38 0.8
    No Religion 1669 34.7
    Others 33 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 248 12.9
    $400-$599 296 15.4
    $600-$799 275 14.3
    $800-$999 214 11.1
    $1,000-$1,249 239 12.4
    Others 648 33.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2077 49.2
    Employed, worked full-time 1162 27.5
    Employed, worked part-time 566 13.4
    Unemployed, looking for work 277 6.6
    Employed, away from work 138 3.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 334 17.9
    Community & personal service workers 196 10.5
    Clerical & administrative workers 239 12.8
    Machinery operators & drivers 283 15.2
    Labourers 376 20.1
    Others 439 23.5
    Occupation
    Census Count Percent(%)
    Pre-school 82 8.0
    Infants/Primary 399 38.7
    Secondary 275 26.7
    Technical or Further Educational Institution 158 15.3
    University or other Tertiary Institutions 66 6.4
    Others 50 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4922 94.1
    Semi-detached, row or terrace house, townhouse 150 2.9
    Flat, unit or apartment 144 2.8
    House or flat attached to a shop, office 11 0.2
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 924 44.2
    Fully owned 589 28.2
    Being purchased 567 27.1
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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