20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
Property investors enjoyed capital gains of 5.95% 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 6.42% 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 $480 based on current median home prices for the suburb.
On average, rents on listings have reached the $480 mark, reflecting a 2.86% increase in returns based on the current median price in FRANKSTON SOUTH.
FRANKSTON SOUTH, 3199 ranks 403rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 361st on the list of best yielding suburbs for rental properties in VIC, posting a 2.86% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.95%||9.86%|
|Median 3 years||6.42%||22.84%|
|Median 5 years||43.8%||57.12%|
|10 years average annual||5.29%||5.36%|
|Weekly media advert. rent||$480||$395|
|Time on Market||43.3 days||54.7 days|
|Gross Rental Yield Percent||2.86%||3.04%|