Property investments in FRANKSTON fare well against the rest of the country last year, registering a median home price increase of 19.19%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains FRANKSTON, 3199 saw average growth in the long term.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 37.0 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $615,000.
FRANKSTON ranks 300th on the list of best yielding suburbs for rental properties in VIC, posting a 3.21% return.
FRANKSTON, 3199 ranks 218th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.81% for property investors last year.
Profits due to an upward trend in home prices in FRANKSTON, 3199 averaged 12.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $310 mark, reflecting a 3.93% increase in returns based on the current median price in FRANKSTON.
An average of 31.33 real estate transactions take place per month in FRANKSTON which translates to 376 per annum.
376 properties were sold in FRANKSTON during the past year, making it the 118th most active market in VIC based on total real estate transactions.
FRANKSTON, 3199 places 88th in Australia based on median property value growth during the quarter.
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