How Much is My Home Worth in Frankston South?
A median-priced house in Frankston South is currently $835,000 as of March 28, 2019. The median price of a house is $490,000. There has been 253 homes and 14 units sold this year. The annual capital growth for homes is 7.31% and units is 7.29%. The 12-month capital growth is 2.96% on houses and 13.12% for units. According to the Demand to Supply Ratio rating or DSR homes and units are both ranked as good. What this means is there are more buyers than sellers. Vendors should be getting the price they ask for. The capital growth is expected to outrun the national average.
House prices and rent returns in Frankston South.
- 2 bedroom home $605,000 Rent per week $380
- 3 bedroom home $742,000 Rent per week $440
- 4 bedroom home $924,000 Rent per week $500
Unit prices and rent returns in Frankston South.
- 1 bedroom unit No Data Rent per week $245
- 2 bedroom unit $500,000 Rent per week $340
- 3 bedroom unit $607,000 Rent per week $440
The gross rental yield for a house is 2.96% and for a unit, it is 3.50%. It takes on average 39 days to sell a house and 48 days to sell a unit.
Free Real Estate Appraisal Frankston South
Do you have a home that you want to be appraised? Our appraisers can give you a free price on any type of property including land, units, apartments and houses. Our agents are available 7 days of the week to meet at a time that suits you. We have sold over 50 homes in the past year alone in Frankston South. We are intimate with this region and can give you an accurate estimate of your properties worth. Our appraisers will study the location of your home to shops, transport, schools and amenities. Also factored into the final appraisal price will be the recent real estate sales history. You will be given a detailed summary of how the price was determined.
Rental Appraisal Frankston South
Want to rent your existing home or have an investment property to rent? The O’Brien Real Estate network of offices collectively manages over 3600 properties throughout Melbourne. We can accurately price your expected weekly rent return based on our local knowledge. Our database includes a list of potential tenants in Frankston North. We can present this list to the landlord which can then be filtered to find the right tenant. You can lease your property long term or short term. We will manage the entire process from the promotion, letting, routine inspections and maintenance. We work closely with our landlords and provide them with full tax accounting documentation.
Frankston South Suburb Profile
Recently Sold Property in Frankston South
Browse our list of recently sold homes in Frankston South. The database of recent sales includes land, units and houses.
Lifestyle in Frankston South
Frankston South borders Port Phillip on its west. Neighbouring suburbs include Frankston, Baxter and Mount Eliza. It is 43 kilometres from the Melbourne CBD. The population is around 18,000 with the average age between 40 – 59. Seventy-eight percent are either owners or purchasing homes. There are a number of small shopping strips and health clinics. On its eastern side is the Mornington Peninsula Freeway. For great coastal views, you can go to Oliver’s Hill Lookout.
Schools in Frankston South
There is 1 school in Frankston South.
- Woodleigh School Junior Campus Co-educational
- 3 Minimbah Ct Frankston South VIC 3199
- Phone 03 97886488