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City of Frankston

Frankston North

Frankston North Property Market
& Suburb Profile

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MEDIAN PRICES IN FRANKSTON NORTH

Median house price

(all agencies, last 12 months)$655k*

House price change

(all agencies, last 12 months)+10.74%

Median unit price

(all agencies, last 12 months)$592k*

Unit price change

(all agencies, last 12 months)+9.94%

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

FRANKSTON NORTH price TRACKER

HousesUnits

Frankston North sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)30

Average days on market (units)

(all agencies, 12 months)31

Average held period in Frankston North

(proptrack)7 years

Frankston North Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$517pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$475pw

Unit rental price change

(all agencies, last 12 months)0.06%

Average rental yield for Houses

(all agencies, last 12 months)3.79%

Average rental yield for Units

(all agencies, last 12 months)3.92%

Frankston North total population size

(as at the last census)5,711

Median household size in Frankston North

(as at the last census)2.3

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

Frankston North property types

  • Houses 65%
  • Units 2%
  • Other 33%

OCCUPANCY in Frankston North

  • Owned 52%
  • Rented 45%
  • Other/Not Stated 3%
  • Singles 34%
  • Families 60%
  • Other 6%

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About Frankston North

Frankston North is a residential suburb located approximately 38 kilometres south-east of the Melbourne CBD, offering a highly convenient and rapidly gentrifying lifestyle that appeals strongly to first-home buyers, renovators, and investors seeking an affordable entry point near the coast.

The suburb is defined by its substantial land parcels and established housing stock, which provides excellent potential for families and developers, while its strong community focus is enhanced by its proximity to the natural amenities of the Mornington Peninsula.

Residents enjoy a wealth of recreational opportunities, including spending time at the nearby Frankston Beach and Pier, swimming laps at the Peninsula Aquatic Centre, and engaging in outdoor activities at the Panorama Track Lookout or the Kingswood Country Golf Club.

Education is well-supported with numerous local schools, including Mahogany Rise Primary School and Monterey Secondary College, alongside private options like John Paul College.

Connectivity is a major strength, as it is less than five minutes drive to the Kananook Train Station and around ten minutes to the major hub of the Frankston Train Station, with an extensive local bus network ensuring accessibility throughout the broader area, alongside easy vehicular access to the surrounding freeway network.

For investors, the area is proving highly attractive due to its affordability compared to neighboring suburbs, large blocks of land, strong rental yields, and ongoing renewal efforts, positioning it as a stable market with excellent prospects for future capital appreciation.

Education

Aldercourt Primary School
Mahogany Rise Primary School
Monterey Secondary College
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Sales Comparison

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

Frankston North MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025151$623,25010.74%180$496pw3.86%
2024163$584,0254.02%138$475pw4.23%
2023120$548,500-6.23%154$442pw3.97%
2022130$577,5005.17%154$407pw3.74%
2021168$551,00028.89%152$385pw3.35%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025151$623,250+10.74%
2024163$584,025+4.02%
2023120$548,500-6.23%
2022130$577,500+5.17%
2021168$551,000+28.89%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025180$496pw3.86%
2024138$475pw4.23%
2023154$442pw3.97%
2022154$407pw3.74%
2021152$385pw3.35%

PROUDLY SERVICING Frankston North

Barry Plant
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.