Frankston North

POSTAL CODE: VIC, 3200

HOUSE

Property investors have seen a 5.3% 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 15.96%.

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 $690,000

Profits averaged 4.33% 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 $500 based on current median home prices for the suburb.

The gross rental yield in FRANKSTON NORTH, 3200 is 3.77%.

An average of 11.5 real estate transactions take place per month in FRANKSTON NORTH which translates to 138 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$690,000	N/A
Growth Report
Median Quarterly	5.3%	N/A
Median 12 month	15.96%	N/A
Median 3 years	13.67%	N/A
Median 5 years	53.33%	N/A
10 years average annual	9.7%	N/A
Weekly media advert. rent	$500	N/A
Time on Market	33.4 days	N/A
Gross Rental Yield Percent	3.77%	N/A

Demographics (Median Values)*

Total Population 5762

Weekly Household Income 888

Household Size 2.30

Average 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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