Get a property report and suburb profile for any property in Frankston North

Frankston North sits just north of Frankston's bayside centre and is an inland, residential suburb of modest brick homes, pockets of unit developments and ongoing infill. Neighbourhood parks and sporting ovals are scattered through the area, and local clubs and primary schools are a clear focus for the community. The suburb attracts families, long-term locals and people seeking practical housing close to the coast; one-parent families make up 34.9% of all families, the population is 5,711 with a median age of 37, and median household income is $1,128 a week. Homes are more often owner-occupied (53.5%) than rented (46.4%).

Day-to-day life centres on local shops and bus links to Frankston train station, while the beaches and waterfront are within easy reach for weekend recreation. Several council-led projects are under way or planned to improve parks, sporting facilities, the local aquatic centre, community centre, shopping strips and the golf course, which may affect everyday amenity. Whether Frankston North suits you comes down to the housing mix, community make-up and proximity to the coast you’re after.

On the figures for Frankston North, buying a house sits high against local incomes at the last Census. A median house price of $725,000 works out to about 12.4 times a typical local household's annual income at the last Census, which sits well above local incomes.

Renting looks different: a house rent of $520 a week would take about 46.1% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $375 a week would take about 33.3% of that weekly income, roughly a third and a sizeable share. Prices and rents are current while the household income is recorded at the most recent Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The past year has been a study in contrasts for Frankston North. House values climbed 14.4% over the 12 months, a strong rise in what houses are worth, while house rents rose 5.1%, a solid increase in rental income. Unit rents moved the other way, falling 18.5%, a large decline in the rent a unit brings.

For someone weighing Frankston North as an investment, the numbers point to stronger capital growth on the house side this year while unit rental income weakened; which of those outcomes matters most will depend on whether you prioritise capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.