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City of Frankston

Frankston

Frankston Property Market
& Suburb Profile

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MEDIAN PRICES IN FRANKSTON

Median house price

(all agencies, last 12 months)$795k*

House price change

(all agencies, last 12 months)+8.9%

Median unit price

(all agencies, last 12 months)$573k*

Unit price change

(all agencies, last 12 months)+4.09%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

FRANKSTON price TRACKER

HousesUnits

Frankston sales overview

  • Sold by Auction 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Frankston

(all agencies, last 12 months)100%

Average held period in Frankston

(proptrack)12 years

Frankston Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$597pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$482pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.69%

Average rental yield for Units

(all agencies, last 12 months)4.42%

Frankston total population size

(as at the last census)37,331

Median household size in Frankston

(as at the last census)2.2

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Frankston property types

  • Houses 42%
  • Units 25%
  • Other 33%

OCCUPANCY in Frankston

  • Owned 58%
  • Rented 39%
  • Other/Not Stated 3%
  • Singles 34%
  • Families 62%
  • Other 4%

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About Frankston

Frankston is an outer-suburb of Melbourne, located approximately 55 km south-east of the CBD, north of the Mornington Peninsula.

Frankston Beach is one of the most frequented in Victoria and is home to one of the largest sand sculpting exhibitions in the Southern Hemisphere.

Shopping in Frankston is easy with Bayside Shopping Centre (the largest in Frankston and on the Mornington Peninsula.) It has everything from Myer, Kmart, Target & Best & Less to the choice of 3 major supermarkets, Woolworths, Coles and Aldi. You will also find a 12 screen Hoyts cinema, Strike Bowling bar and many other specialty stores and restaurants.

There’s also Karingal Hub Shopping centre with many of the same or similar amenities as Bayside, Or you can enjoy some Boutique shopping and cafes on Wells St.

There are 11 primary schools in the suburb, 4 secondary schools as well as 2 special development schools. Chisholm Institute has a campus in Frankston as does Monash University also.

Frankston is serviced by the Frankston Railway line connecting you to Melbourne CBD as well as Bus services throughout the suburbs of the broader area. Eastlink and Peninsula Link roadways are easily accessible to connect you up wherever you want to go.

Great for:

  • Public Transport
  • Schools
  • Internet
  • Access Parks & Recreation
  • Safe & Sound
  • Beach

Who lives here?

  • Professionals
  • Families with kids
  • Retirees
  • Singles
  • Beach Lovers

Suburbs nearby:

  • Port Phillip
  • Frankston North
  • Frankston South
  • Langwarrin
  • Langwarrin South
  • Seaford

Education

Ballam Park Primary School
David Scott School
Frankston East Primary School
Frankston Heights Primary School
Frankston High School
Frankston Primary School
Frankston Special Developmental School
John Paul College
Karingal Heights Primary School
Karingal Primary School
Kingsley Park Primary School
McClelland Secondary College
Naranga School
Overport Primary School
St Augustine's School
St Francis Xavier School
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Sales Comparison

Find out how Frankston median sales prices compare to neighbouring suburbs.

Frankston MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20251109$683,7508.90%1309$540pw4.05%
2024959$638,2500.67%1223$516pw4.38%
2023898$622,500-2.80%1271$481pw4.12%
2022910$658,0000.64%1277$438pw3.90%
20211234$651,37520.75%1294$403pw3.37%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20251109$683,750+8.90%
2024959$638,250+0.67%
2023898$622,500-2.80%
2022910$658,000+0.64%
20211234$651,375+20.75%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20251309$540pw4.05%
20241223$516pw4.38%
20231271$481pw4.12%
20221277$438pw3.90%
20211294$403pw3.37%

PROUDLY SERVICING Frankston

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Frankston

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.