How Much is My Home Worth in Frankston?
Current real estate data shows the median price for a house in Frankston $581,000 as of March 27, 2020. If you own a unit the median price is $415,000. There have been a total of 584 homes sold this year, and 252 units have been sold. The capital growth over the past 12 months for houses is -3.81% and for units, it is -4.05%. The average annual capital growth for houses is at 6.77% and for units, it is 5.90%. The DSR or Demand to Supply Ratio ranks both houses and units as good. Buyers are making decent bids and sellers are in no rush to sell. There is more demand to purchase from buyers but there is a shortage of properties on the market. Home prices are being raised and sellers are getting good offers. The trend is for property in Frankston to stay ahead of the national capital growth average.
House prices and rent returns in Frankston.
- 2 bedroom home $525,000 Rent per week $328
- 3 bedroom home $570,000 Rent per week $380
- 4 bedroom home $635,000 Rent per week $440
Unit prices and rent returns in Frankston.
- 1 bedroom unit $253,750 Rent per week $250
- 2 bedroom unit $388,500 Rent per week $320
- 3 bedroom unit $515,000 Rent per week $383
The gross rental yield for a house is 3.56% and for a unit, it is 4.13%. It takes on average 57 days to sell a house and 54 days to sell a unit.
Free Real Estate Appraisal Frankston
Do you want a free appraisal on your Frankston house or land? We have sold over 225 properties in the Frankston region. We appraise a property on its location to public transport, shops, schools and amenities. We are free to meet property owners at a time that suits them. We provide accurate appraisals so you will know the value of your home. We explain carefully how we arrive at our price.
Free Rental Appraisal Frankston
O’Brien real estate currently manages over 3600 rental properties. We are experienced in dealing with all types of rentals. You can rent long term or short term. The landlord has a major say in the type of tenant they prefer. Our free rental appraisals and based on current market trends and location. We deal directly with the landlord and organise inspection times to suit. Our property managers collect the rent, conduct routine inspections and attend all maintenance issues.
Suburb Profile of Frankston
Recent Sold Property in Frankston
View our list of recently sold homes in Frankston. Our database of properties shows houses, apartments, townhouses and units sold in Frankston and surrounding suburbs.
Lifestyle in Frankston
Frankston is commonly referred to as the gateway to the Mornington Peninsula. It is a south eastern suburb of Melbourne located 43 kilometres from the CBD. There are a number of golf courses including the Peninsula Kingswood Country Golf Club. There is also an AMF ten pin bowling alley and the Karingal Lawn Bowls Club. The major shopping complex is Bayside Shopping Centre. Port Phillip is on the western border.
Schools in Frankston
There are 16 schools in Frankston. These include primary, secondary and special schools.
- Frankston Primary School Co-educational
- Frankston High School Co-educational
- Frankston Special School Co-educational
- Mcclelland College Co-educational
- St Francis Xavier School Co-educational