Property investors who have had real estate in Frankston South, 3199 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.99%
Over the longer term, Frankston South has seen property prices show investors a 15.06% 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 -8.01% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $480 mark per week – giving a return of 3.07% based on the median price in Suburb
Frankston South has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.77% to date .
While Frankston South,3199 ranked number 142th in VIC for increase in median house value (annualised) increase, it is ranked 26th over the last 5 years.
Our latest figures would indicate that property sellers in Frankston South are currently offering property investors an average price cut of -7.00% below the asking price at the moment.