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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 a large, dynamic, and critically important outer-suburb of Melbourne, located approximately 55 kilometres south-east of the CBD, serving as the vibrant coastal gateway to the Mornington Peninsula and offering an exceptionally self-sufficient lifestyle.

The area's appeal is significantly enhanced by the foreshore, with Frankston Beach being one of the most frequented in Victoria and home to one of the largest sand sculpting exhibitions in the Southern Hemisphere, providing a major recreational and cultural drawcard.

Retail and amenity are outstanding, centred on the massive Bayside Shopping Centre, which offers comprehensive department stores like Myer, major retailers, three supermarkets, a twelve-screen Hoyts cinema, and dining options, complemented by the large Karingal Hub Shopping Centre and the more boutique shopping and cafe experience along Wells Street.

Education is robust, catering extensively to the community with eleven primary schools, four secondary schools, and two special development schools, plus the crucial presence of both a Chisholm Institute campus and Monash University campus, confirming its status as a major regional centre.

Connectivity is a key strength for residents and the broader region, with the dedicated Frankston Railway Line providing a direct rail link to the Melbourne CBD, supported by extensive bus services throughout the suburbs and immediate vehicular access to the Eastlink and Peninsula Link roadways for seamless travel north and south.

This combination of coastal amenity, comprehensive retail, institutional education, and outstanding transport links makes Frankston a compelling and constantly evolving choice for buyers and investors seeking strong value and a full-service lifestyle.

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.