Suburb Profile Report for Frankston VIC (3199)

Frankston House: Median price $725,000, Annual capital growth 2.07%, Number of sales 734, Weekly median advertised rent $1,800

Frankston Unit: Median price $506,000, Annual capital growth 13.89%, Number of sales 415, Weekly median advertised rent $578

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 507th in the list of Australian suburbs ordered by increase in median house value over the last year, Frankston, 3199 is in the top 20% with a property value increase of 31.11% recorded in median house prices.

Over the longer term, Frankston has seen property prices show investors a 33.33% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Frankston is $725000, with sellers offering an average of 0.00% off the asking price.

Often selling an investment property can take time, and in Frankston the average time real estate has been on the market is 62 days.

With the median price for a house in Frankston being $725000 and the advertised rent reaching $1800 the gross rental yield for property investors calculates out to be 0.00%

VIC has seen average median house prices change by 22.48% which means that Frankston, 3199 has done well for property investors by showing a capital gain of 25.40% over the last year

Comparing Frankston,3199 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.09% offered to property buyers. Sellers in Frankston itself are offering an average vendor discount of 0.00% to real estate investors.

Often selling an investment property can take time, and in Frankston the average time real estate has been on the market is 70.4375 days.

Property investors should expect to get $577.5 weekly from the median priced house in this suburb.

Arthur Proios Information supplied by:

Arthur Proios
eView Real Estate Partners

M (03) 8781-3888
O 0414-676641


Selling points: Frankston has :many attributes that make it a great place to live. The four best features for buying property in the area are simple: the beach, transport (we have a train line direct to the Melbourne CBD), affordability of housing and an abundance of local infrastructure - schools, hospitals, university, shopping centres).

Most sought after properties: Investors that I have dealt with generally look for three-bed homes with two bathrooms and garaging. Properties within the Frankston High School zone are the most popular. 

Most common properties: Large detached homes, units – both new and older type, apartments, acreage and waterfront. 

Top amenities: High quality public schools such as Frankston High School are highly regarded. The Frankston foreshore has recently been updated with new cafés and restaurants, new boat ramp facilities and several new major housing projects, putting Frankston well and truly in the media spotlight.

Local industry and business: A significant number of residents commute to the Melbourne CBD for work. Frankston itself has always been a popular regional area for white collar workers, retail and tourism. A major recent announcement by our local MLA outlined a further 750 jobs in Frankston, with South East Water opening a new regional office. 

Recent changes: There have been huge inroads in terms of major arterials being built, while billions of dollars in infrastructure investment over the past 10 years has played a major role in buyers (both occupiers and investors) flocking to the once-ridiculed peninsula suburb. 

Best streets: Gould St (waterfront) has always been a premier street in Frankston, while the acreage properties in and around Humphries Rd and Overport Rd at Frankston South are considered great value by families looking for a lifestyle change. A typical two-third acre property, with four or five bedrooms, two-three bathrooms, tennis court, swimming pool and garage will sell for anywhere between $800k - $1.4 million…compare this with other Bayside suburbs along the waterfront for value. 

Public transport: Being the last stop on the Metropolitan line is a huge advantage to commuters. An adequate bus system and reasonable taxi operation mean Frankston is well-serviced in transportation.  

Main arteries: The billion-dollar East Link arterial is set to open in mid-2013. This major project will allow a smoother flow of traffic through Frankston and towards the Mornington Peninsula. From Frankston, there is not one traffic light until you reach the Melbourne CBD.  Keep in mind that once commuters utilise the East Link, local traffic is tipped to be reduced by over 30%.

Metrics i HOUSE UNIT
$725,000 $506,000
10.49% 10.49%
31.11% 25.40%
2.07% 13.89%
$1,800 $578
734 415
0.00% 3.80%
62 70.4375

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Frankston VIC
Total population 35009
Median household income ($/weekly) 954
Median age of persons 38
Median housing loan repayment ($/monthly) 1495
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 3716 10.6
    25-34 years 5081 14.5
    35-44 years 4635 13.2
    45-54 years 4563 13.0
    55-64 years 4325 12.4
    Others 12690 36.2
    Age Group
    Census Count Percent(%)
    Not Married 13076 50.2
    Registered Married 10060 38.6
    Defacto Relationship 2913 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 24351 74.5
    Indonesia 422 1.3
    Papua New Guinea 889 2.7
    United Kingdom 2884 8.8
    Other 1243 3.8
    Others 2883 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 458 1.5
    Christianity 19295 62.6
    Islam 307 1.0
    Other Religious Groups 272 0.9
    No Religion 10177 33.0
    Others 297 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1588 12.4
    $600-$799 1548 12.1
    $800-$999 1388 10.9
    $1,000-$1,249 1382 10.8
    $1,500-$1,999 1552 12.2
    Others 5305 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 10315 38.1
    Employed, worked full-time 9561 35.3
    Employed, worked part-time 4975 18.4
    Unemployed, looking for work 1188 4.4
    Employed, away from work 1041 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2559 16.4
    Technicians & trades workers 2747 17.6
    Community & personal service workers 1805 11.6
    Clerical & administrative workers 2197 14.1
    Sales 1754 11.3
    Others 4515 29.0
    Census Count Percent(%)
    Pre-school 585 8.2
    Infants/Primary 2283 32.2
    Secondary 1797 25.3
    Technical or Further Educational Institution 1017 14.3
    University or other Tertiary Institutions 1050 14.8
    Others 361 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 27044 83.6
    Flat, unit or apartment 3523 10.9
    Semi-detached, row or terrace house, townhouse 1763 5.5
    House or flat attached to a shop, office 7 0.0
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 5364 39.1
    Being purchased 4256 31.0
    Fully owned 4045 29.5
    Other tenure type 65 0.5
    Tenure Type
Census 2011, ABS
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