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Frankston North
AREA REPORTS

Frankston North

Frankston North - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3200

house
unit

Property investors have seen a 2.68% gain in FRANKSTON NORTH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on FRANKSTON NORTH, 3200 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 30.06%.

Based on its average 5-year and quarterly capital gains FRANKSTON NORTH, 3200 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $585,250

Profits averaged 5.68% per annum over a 3-year period, due to an upward trend in home prices in FRANKSTON NORTH, 3200.

This means, real estate investors could earn a rental income of $367.5 based on current median home prices for the suburb.

The gross rental yield in FRANKSTON NORTH, 3200 is 3.27%.

An average of 13.83 real estate transactions take place per month in FRANKSTON NORTH which translates to 166 per annum.

Data report can be found below

Frankston North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $585,250 $522,000
GROWTH REPORT
Median Quarterly 2.68% 12.26%
Median 12 month 30.06% 24.29%
Median 3 years 17.05% N/A
Median 5 years 62.57% 70.45%
10 years average annual 8.87% 10.6%
Weekly media advert. rent $367.5 N/A
Time on Market 27.0 days 0.0 days
Gross Rental Yield Percent 3.27% N/A
demographics (median values)*
Total Population
5762
Weekly Household Income
888
Household Size
2.30
Age
39
Monthly Loan Repayment
1205
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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