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%