Property investors enjoyed capital gains of 14.12% 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 44% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
On average, rents on listings have reached the $460 mark, reflecting a 2.91% increase in returns based on the current median price in FRANKSTON SOUTH.
FRANKSTON SOUTH, 3199 ranks 241st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 359th on the list of best yielding suburbs for rental properties in VIC, posting a 2.91% return.
Property investors have seen a 3.6% 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 15%.
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 $575,000.
Profits due to an upward trend in home prices in FRANKSTON SOUTH, 3199 averaged 11.76% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in FRANKSTON SOUTH, 3199 is 3.44%.
An average of 3.58 real estate transactions take place per month in FRANKSTON SOUTH which translates to 43 per annum.
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