Frankston South

POSTAL CODE: VIC, 3199

HOUSE

UNIT

Property investors enjoyed capital gains of 4.17% over the last 12 months in FRANKSTON SOUTH, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in FRANKSTON SOUTH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 1.27% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

On average, rents on listings have reached the $700 mark, reflecting a 3.03% increase in returns based on the current median price in FRANKSTON SOUTH.

FRANKSTON SOUTH, 3199 ranks 308th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 410th on the list of best yielding suburbs for rental properties in VIC, posting a 3.03% return.

Property investors have seen a 6.84% gain in FRANKSTON SOUTH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on FRANKSTON SOUTH, 3199 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.81%.

Based on its average 5-year and quarterly capital gains FRANKSTON SOUTH, 3199 saw average growth in the long term.

FRANKSTON SOUTH, 3199 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $820,000.

Profits due to an upward trend in home prices in FRANKSTON SOUTH, 3199 averaged 3.11% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

The gross rental yield in FRANKSTON SOUTH, 3199 is 3.36%.

An average of 6 real estate transactions take place per month in FRANKSTON SOUTH which translates to 72 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,200,000	$820,000
Growth Report
Median Quarterly	2.56%	6.84%
Median 12 month	4.17%	10.81%
Median 3 years	1.27%	9.33%
Median 5 years	39.45%	21.37%
10 years average annual	7.58%	6.86%
Weekly media advert. rent	$700	$530
Time on Market	50.2 days	40.8 days
Gross Rental Yield Percent	3.03%	3.36%

Demographics (Median Values)*

Total Population 54298

Weekly Household Income 1226

Household Size 2.40

Average Age 41

Monthly Loan Repayment 1600

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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