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1 MIN READ20 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...
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Frankston NorthFrankston North - SUBURB PROFILE REPORT
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Property investors have seen a 1.11% gain in FRANKSTON NORTH based on an increase in median home prices for the past three months.
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 $455,000
Profits averaged -2.09% per annum over a 3-year period, due to an downward trend in home prices in FRANKSTON NORTH, 3200.
This means, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in FRANKSTON NORTH, 3200 is 3.77%.
An average of 8.08 real estate transactions take place per month in FRANKSTON NORTH which translates to 97 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $455,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.11% | N/A |
| Median 12 month | 5.81% | N/A |
| Median 3 years | -6.28% | N/A |
| Median 5 years | 50.66% | N/A |
| 10 years average annual | 5.55% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 49.1 days | N/A |
| Gross Rental Yield Percent | 3.77% | N/A |
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