Suburb Profile Report for Frankston South VIC (3199)

Frankston South House: Median price $828,000, Annual capital growth 7.45%, Number of sales 306, Weekly median advertised rent $450

Frankston South Unit: Median price $575,000, Annual capital growth 6.77%, Number of sales 44, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Frankston South has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.95% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Frankston South has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Frankston South is offering property investors an average of -5.20. This rate of discount on properties puts Suburb at number 256th in terms of most discounted suburbs in VIC

Advertised rents are around the $450 mark per week – giving a return of 2.83% based on the median price in Suburb

Frankston South is an average performer in VIC when comparing median price capital growth over the last year. Frankston South gave property investors a good capital gain figure when compared to the rest of the state, with 11.60%.

While Frankston South,3199 ranked number 153th in VIC for increase in median house value (annualised) increase, it is ranked 78th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.60% offered to property buyers. Sellers in Frankston South itself are offering an average vendor discount of -4.36% to real estate investors.

Using the current median advertised rental of $395 and the average annual increase in value of a median property of 6.77%, investors should hope to achieve an overall return of 3.57%

Metrics i HOUSE UNIT
$828,000 $575,000
0.98% 1.50%
8.95% 11.60%
7.45% 6.77%
$450 $395
306 44
2.83% 3.57%
44.98 47.28

Source: CoreLogic

DSR Score for property investment : Good (H), 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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