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

Frankston South is a bayside suburb on the Mornington Peninsula fringe with leafy streets, generous blocks and a settled low-rise residential feel. Elevated pockets such as Olivers Hill give sweeping views across Port Phillip while flatter streets sit close to foreshore parks and walking trails. The housing mix is largely older, solid family homes with thoughtful renovations and garden space, and residents draw on nearby Frankston for shopping, train links and broader services while enjoying local reserves, sports grounds and cafes. It suits people after a quieter coastal lifestyle with easy access to beaches and regional attractions.

The community numbers 18,801 people, with a median age of 44 and a median total household income of $2,038 a week (about $106,000 a year). Couple families are the dominant household type and around five in six dwellings are owner-occupied (83.1%), with renters at 16.9%. Council-led transport and community projects are under way, including path and park upgrades and the redeveloped Baden Powell kindergarten, so there is ongoing local investment to support everyday life. Whether Frankston South is right for you depends on what you value in a suburb.

Buying looks more stretched against local incomes in Frankston South. The median house price of $1,226,000 is about 11.6 times a typical local annual household income at the last Census, which sits well above local incomes. Renting is less stretched: a house rent of $700 a week would take about 34.3% of that typical weekly household income, a sizeable share, and a unit at $510 a week would take about 25.1%, a moderate share. Whether that feels expensive depends on your own income and circumstances.

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

Over the past 12 months in Frankston South, values and rents told a mixed story. Median unit values climbed 9.7% and median house values rose 6.5%, both solid gains, while house rents increased a modest 2.9% and unit rents were slightly down 1.9%.

The figures show capital growth was stronger for units over the year, whereas rental income moved more positively for houses. Whether that balance suits you depends on whether you prioritise capital growth or rental income and on your own goals and 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.