Frankston’s beachside position and affordable homes make it a popular choice for buyers, especially families looking for a relaxing lifestyle close to the city.
Attractive amenities, convenient position
Frankston is a family-friendly suburb about 40km from the CBD. It is right on the water and has plenty of idyllic nature reserves.
At its recreational heart is the beach, foreshore and pier, and nearby Kananook Creek.
The area is usually busy brimming with activities and events and boasts many walking tracks, playgrounds and barbecue reserves along this stretch. Go for a paddle board or enjoy a swim in the bay, or take a stroll along the boardwalk and over the footbridge at the creek’s mouth.
The suburb is also home to many sports facilities and clubs, including footy, soccer, basketball, clay target shooting, athletics, cricket and BMX on offer.
If you’re looking to head into the city during the school holidays, jump on a train at Frankston Station, and have access to Melbourne’s shops and attractions in under 50 minutes. Or take a bus to neighbouring suburbs and community hubs, like Southland Shopping Centre.
Dining and activities
There’s also a great cafe and restaurant scene in Frankston with locals spoiled for choice by a range of cuisines for breakfast, lunch and dinner. Enjoy a mix of family-friendly eateries, which include indoor and outdoor playgrounds, and craft activities. And of course, you’re only a short drive from wineries and eateries of the Mornington Peninsula.
The Frankston entertainment hub is the highlight of the school holidays for most families. Home to a recently upgraded Hoyts Cinema, it offers Holey Moley mini golf, Strike Bowling Bar, a large games arcade and Cold Rock Ice Creamery. The complex also has underground parking and is minutes from the train station and bus stops.
With a thriving art scene and rich urban culture, Frankston is now home to more than 50 mega murals and street art pieces created by local, national and international artists. Enjoy a colourful and historical array of street art throughout the alleys and laneways. Walking tours run most Sundays, so locals and visitors can immerse themselves in public art. A visit to the Frankston Arts Centre is a great idea as it’s home to seasonal musicals, exhibitions and galleries.
Australia's largest sand sculpting exhibition is hosted annually in December within the thriving Frankston hub.. And the Waterfront Festival is held every February, which is the perfect family day out that caters to children of all ages with its rides, carnival games, market crafts and food stalls.
For families looking for a bit more of an adrenalin hit or activities to tire out the little ones, Gravity Zone, Funtopia, Dinosaur World and Bayside Rock Climbing are all within easy reach.
A number of top-quality public and private schools are located in Frankston, including Overport Primary School, Baxter Primary School, Woodleigh School, Frankston High School and Bayside Christian College.
Nearby suburbs like Mt Eliza also offer desirable education options such as Toorak College and Peninsula Grammar.
Meanwhile, there are also further education opportunities nearby for families with older children, including Monash University’s Peninsula Campus and an arm of Chisholm TAFE.
Homes within the Frankston High and Derinya Primary School zone stand to gain tens or even hundreds of thousands of dollars more compared to those just 1km outside of the zoning, according to the Real Estate Institute of Victoria.
Family buyers and investors are prepared to pay a premium to snap up homes in the zone, local agents say.
Frankston still remains relatively affordable in today’s market and is widely considered a smart move if you’re wanting a beach lifestyle without the hefty price tag. For growing families, it also offers typically bigger land sizes and houses with two, three or four bedrooms.
According to realestate.com.au data, Frankston has:
- A median house sale price of $780,000 and a median unit sale price of $545,000 (based on 649 sales in the last 12 months)
- A median rent of $440 per week for a house and $350 per week for a unit (based on 358 sales in the last 12 months)
It has also witnessed a 16.4 per cent compound growth rate for houses in the last 12 months, and 18.2 per cent for units, since June 2021.
Barry Plant’s Frankston and Cranbourne teams have a long-standing reputation in the beachside area and nearby suburbs. With decades of experience in sales and property management, they work together to achieve the best results for your home or situation. Thinking of selling, buying, renting or investing in Frankston? Get in touch.