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Frankston South suburb profile

Frankston South is a picturesque suburb located in the southeastern part of Melbourne, known for its stunning coastal views and serene natural environment. Nestled along the Mornington Peninsula, it offers residents a perfect blend of beachside living and suburban tranquility. The area is characterized by its spacious properties, lush greenery, and proximity to the Frankston Reservoir and Sweetwater Creek Nature Reserve. With excellent schools, a strong sense of community, and easy access to both the city and the peninsula's attractions, Frankston South is a highly sought-after location for families and retirees seeking a peaceful yet connected lifestyle.

Frankston South property market performance

Current median dwelling price$1,059,500Past 3 months

Property growth+8.5%Past 12 months

Frankston South’s property market has shown positive growth over the past 12 months. House values have increased by 6.0%, with the median house price reaching $1.29 million. Unit values have seen a more significant rise of 12.9%, although the median unit price is currently unavailable.

Sales activity has been robust, with 72 houses and 8 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 31 days on the market, while units are moving even faster at 17 days, indicating strong demand in the unit sector.

The rental market in Frankston South has experienced moderate changes, with house rents increasing by 4.5% to an average of $700, while unit rents have remained stable at $510, showing no change over the last 12 months.

HousesUnits
Median price
Past 3 months
$1.29MN/A
Change in value
Past 12 months
6.1%11.0%
Sold
Past 3 months
725
Median days on market
Past 12 months
3116
Average rent
Past 12 months
$700$510
Change in rent
Past 12 months
3.7%-1.9%

5 year median price trend for houses and units

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Frankston South demographics

Frankston South, located in Victoria, is a picturesque suburb known for its scenic beauty and family-friendly environment. With a population of 18,801, it offers a tranquil lifestyle while still being within reach of Melbourne's bustling city life. The median age of 44 indicates a mature community, often comprising families and long-term residents who appreciate the suburb's peaceful ambiance and natural surroundings.

The suburb is characterized by a strong family presence, with 48.4% of households being couple families with children and 37% being couple families without children. This highlights Frankston South's appeal to families seeking a supportive and nurturing environment. The area also accommodates a smaller proportion of one-parent families, making up 13.8% of the community, and a minimal percentage of other family types.

Property ownership in Frankston South is predominantly stable, with 38.6% of homes owned outright and 44.5% owned with a mortgage. This reflects a community with a strong sense of permanence and investment in the area. The rental market is relatively small, with only 16.9% of properties being rented, which further underscores the suburb's appeal to those looking for long-term residency. With its blend of natural beauty, family-oriented lifestyle, and strong property ownership, Frankston South is a desirable location for those seeking a balanced and serene way of life.

Frankston South infrastructure, key developments and investment opportunities

Frankston South continues to benefit from its proximity to major health, education and employment hubs, with the ongoing expansion and upgrade programs at nearby Frankston Hospital and Frankston Private Hospital strengthening the area’s appeal for healthcare workers and families seeking good medical access.[5] The strong reputation of Frankston High School and Derinya Primary School, along with access to Monash University’s Peninsula campus, underpins consistent demand from owner-occupiers keen to secure properties in tightly held school catchments.[5]

Local amenity remains a key drawcard, with parks such as Sweetwater Creek Nature Reserve and Overport Park, along with nearby bay beaches and the Olivers Hill foreshore, supporting lifestyle-focused buyer interest and reinforcing long-term desirability.[2][5] Established bus connections to Frankston station and the broader rail network, combined with freeway access towards Melbourne and the Mornington Peninsula, continue to make the suburb attractive to commuters and are likely to support steady property values in coming years.[2][5]

Frankston South rental market trends

The rental market in Frankston South has experienced modest growth, with house rents increasing by 4.5% over the past year to $700 per week, while unit rents have remained stable at $510 per week. This stability in unit rents, combined with the slight rise in house rents, reflects a balanced market, making Frankston South an attractive option for renters seeking affordability and convenience.

Suburbs near Frankston South

Some popular suburbs near Frankston South include:

  • Frankston: Known for its vibrant beachside lifestyle and bustling shopping precinct, Frankston is located directly north of Frankston South.
  • Baxter: A semi-rural suburb with a relaxed atmosphere and open spaces, Baxter lies to the east of Frankston South.
  • Langwarrin: Offering a mix of residential and natural reserves, Langwarrin is situated northeast of Frankston South.
  • Mount Eliza: Known for its picturesque landscapes and affluent homes, Mount Eliza is located to the southwest of Frankston South.
  • Frankston North: Featuring a mix of residential and industrial areas, Frankston North is situated to the north of Frankston South.

How does Frankston South compare to nearby suburbs?

  • Median house prices: Frankston South’s median house price is 49.7% higher than Frankston’s.
  • Median unit prices: Frankston South’s median unit price is 48.5% higher than Frankston’s.
  • House price growth: Over the past 12 months, house prices in Frankston South have grown 1.5% higher than in Baxter.
  • Unit price growth: Over the past 12 months, unit prices in Frankston South have grown 8.9% higher than in Frankston.
  • Selling speed for houses: Properties in Frankston South are selling 31.1% faster than in Mount Eliza.
  • Selling speed for units: Properties in Frankston South are selling 20.0% faster than in Frankston.
  • Investment considerations: In Frankston South, the rental yield for house is 11.1% higher than the Melbourne average, while the rental yield for units is 13.0% lower.
  • House price growth: Over the past 12 months, house prices in Frankston South have grown 18.9% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Frankston South have grown 35.8% higher than the average rate of growth for units across Melbourne.

Common questions about Frankston South

  • Is Frankston South a nice place to live?

    Frankston South is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Known for its charming coastal vibe and lush greenery, this suburb provides a peaceful retreat from the hustle and bustle of city life. The community here is vibrant and welcoming, with a strong emphasis on family values and a supportive atmosphere. Residents enjoy the convenience of being close to essential amenities, including shopping centers, cafes, and restaurants, while still being able to relish the tranquility of nature.

    Families are particularly drawn to Frankston South due to its excellent educational facilities and safe surroundings. The suburb's proximity to parks and green spaces offers plenty of opportunities for outdoor activities, making it ideal for children and nature enthusiasts alike. While the area is predominantly residential, it lacks the nightlife and entertainment options of more urban locales, which some may see as a trade-off for the peace and quiet it offers. Additionally, the spacious properties and beautiful landscapes come with a higher price tag, which might be a consideration for potential residents.

    Overall, Frankston South is a fantastic choice for those seeking a balanced lifestyle with a strong sense of community and easy access to both the city and the natural beauty of the Mornington Peninsula. Its appeal lies in its ability to offer a serene environment without sacrificing the convenience of modern living, making it a highly desirable suburb for families and individuals looking for a peaceful yet connected place to live.

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  • Is it expensive to live in Frankston South?

    Living in Frankston South can be quite costly, especially when you consider the housing market. The current median house price is a significant $1,290,000, which is on the higher end compared to many other suburbs in Victoria. For those considering renting, the average rent for houses is around $700 per week, while units, although not currently available for sale, have an average rent of $510 per week.

    When you compare this to the Victorian state average salary of approximately $95,000 per year, it becomes evident that living in Frankston South requires a substantial financial commitment. The median total household income in the suburb is $2,038 per week, which is slightly above the state average, suggesting that residents generally have a higher earning capacity. However, the high property prices and rental costs mean that a significant portion of income would likely go towards housing expenses.

    If you're thinking of living in Frankston South, it's important to weigh the costs against the benefits of residing in this picturesque suburb. While it offers a beautiful coastal lifestyle and a sense of community, the financial implications are something to consider carefully.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Frankston South a good place to invest?

    Frankston South is shaping up to be an attractive investment option, particularly for those eyeing both capital growth and rental income. Over the past year, the suburb has experienced a notable 6.0% increase in median house values and an even more impressive 12.9% rise in unit values. This suggests a strong demand for property in the area, making it a promising choice for investors looking to benefit from capital appreciation.

    In terms of rental returns, Frankston South offers a mixed bag. House rents have increased by 4.5% over the last 12 months, indicating a steady demand from renters. However, unit rents have remained flat, which might be a consideration for those specifically targeting rental income from units. Despite this, the overall growth in property values suggests that the suburb is gaining popularity, potentially leading to future rental demand increases.

    Overall, Frankston South presents a compelling opportunity for investors. The suburb's recent growth in property values, combined with its potential for future rental demand, makes it a solid choice for those looking to invest in a suburb with both immediate and long-term potential.

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Choose the right real estate agents in Frankston South

Currently, there are 95 real estate agents working in Frankston South—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 95 agents sold 31.7% of all properties in Frankston South over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Frankston South typically charge a commission of 1.55% to 2.61%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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