At number 715th in the list of Australian suburbs ordered by increase in median house value over the last year, Frankston South, 3199 is in the top 20% with a property value increase of 16.43% recorded in median house prices.
Frankston South,3199 was ranked 857 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Frankston South should be aiming for at least -4.67% off the asking price, which is the average vendor discount being achieved at the moment.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 2.96%, without taking into account capital value appreciation, which has been averaging out at 7.22%.
If you compare the increase in value of investment property in Frankston South, 3199 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.07%.
Over the longer term, Frankston South has seen property prices show investors a 35.82% 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 -7.97% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 43 properties changed hands in Frankston South, which puts it as the 206th most active market in VIC when comparing the number of sales per suburb.
Frankston South, 3199’s gross rental yield is 3.50%