Thinking about buying in Frankston? Now could not be a better time, with 13454 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $814,000 with prices in this suburb ranging from $289,000 to $6,528,000. Frankston is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $379.18 |
Median Monthly Mortgage | $1728.02 |
Median Persons Per Bedroom | 0.79 |
Average Household Size | 2.69 |
Average Age | 37.36 |
Average Income | $818.55 |
Average Cars Per Dwelling | 1.86 |
Average Properties Within 50M | 16 |
1 Bed  $631,000 |
2 Bed  $647,000 |
3 Bed  $838,000 |
4 Bed  $969,000 |
5 Bed  $1,098,000 |
6 Bed+$928,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Frankston are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Frankston provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Frankston requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Frankston we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Frankston a better buying opportunity than it may have been in the past.
Frankston is a suburb of Melbourne, Victoria, located south-east of the city’s centre. It is a popular tourist destination due to its coastal locale, with Frankston Beach being one of the most visited in the state. Europeans settlement of the area began in 1835 in the form of an initially unofficial small fishing village, with Frankston being formally established as a village in 1954. Frankston sits just north of the Mornington peninsula, and this proximity has earned it the moniker ‘the gateway to the Mornington Peninsula’. The Local Government Area of Frankston is eponymously named Frankston City, and it lies within the equally eponymous state of Frankston. Frankston Beach is known for being the site of one of the largest sand sculpting exhibitions in the entire southern hemisphere.
Frankston is a beautiful, conveniently located seaside suburb with convenient access to the centre of Melbourne by road and by rail. It has a vibrant and distinct character, and is home to over 50 sculptures and pieces of art dotted throughout the suburb, along with having a history and culture of theatre and the performing arts. Frankston Beach is known both for its beauty and its cleanliness, being recognised as one of the cleanest seaside locations in all of Australia. Packed with excellent amenities for health, education and more and full of excitement and charm, Frankston is a perfect compromise between the city and the seaside, providing all the convenience of urban life without the city stresses.
Banyan Fields Primary School
Carrum Downs Secondary College
Rowellyn Park Primary School
St Joachim's School
Aldercourt Primary School
Seaford Park Primary School
Skye Primary School
Patterson Lakes Primary School
Belvedere Park Primary School
Patterson River Secondary College
(While the above schools are located with the suburb of Frankston there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.5 | 14.2 | 25 | 46.1 | 86.8 | 2.4 | 22.2 |
May | 1.9 | 8.6 | 16.8 | 55.9 | 90.6 | 1.8 | 8.2 |
Jun | 2.5 | 7.3 | 14.6 | 62.7 | 92 | 1.9 | 6.7 |
Jul | 1.9 | 7.1 | 13.7 | 60.4 | 89.3 | 2.7 | 7.3 |
Aug | 2.2 | 8.1 | 15.3 | 56.5 | 90.8 | 2.5 | 10.7 |
Sept | 2.9 | 8.4 | 17.2 | 49.3 | 90.3 | 2.6 | 14.2 |
Oct | 2.5 | 10.2 | 18.7 | 54.3 | 89.6 | 2.5 | 16.7 |
Nov | 1.4 | 12.8 | 23.8 | 42.5 | 87.4 | 2.2 | 22 |
source: Australian Government Bureau of Meteorology
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