At number 1914th in the list of Australian suburbs ordered by increase in median house value over the last year, Frankston South, 3199 is in the top half with a property value increase of 3.02% recorded in median house prices.
Over the longer term, Frankston South has seen property prices show investors a 38.59% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Frankston South 3199 should be seeing an average reduction in asking price of around -6.72% . This means that Frankston South is holding prices well when compared to other suburbs in VIC.
In the last year 297 properties changed hands in Frankston South, which puts it as the 54th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $480 weekly from the median priced house in this suburb.
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 13.64% to date .
Frankston South,3199 was ranked 81 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Frankston South itself are offering an average vendor discount of -6.11% to real estate investors.
Property investors should expect to get $415 weekly from the median priced house in this suburb.