Suburb Profile Report for Frankston South VIC (3199)

Frankston South House: Median price $835,000, Annual capital growth 7.28%, Number of sales 297, Weekly median advertised rent $480

Frankston South Unit: Median price $625,000, Annual capital growth 7.56%, Number of sales 29, Weekly median advertised rent $415

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

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.

Metrics i HOUSE UNIT
$835,000 $625,000
-1.01% 8.70%
3.02% 13.64%
7.28% 7.56%
$480 $415
297 29
2.99% 3.45%
45.12 38.28

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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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