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City of Frankston

Frankston South

Frankston South Property Market
& Suburb Profile

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MEDIAN PRICES IN FRANKSTON SOUTH

Median house price

(all agencies, last 12 months)$1.2m*

Median unit price

(all agencies, last 12 months)$802k*

Unit price change

(all agencies, last 12 months)+15.4%

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

FRANKSTON SOUTH price TRACKER

HousesUnits

Frankston South sales overview

  • Sold by Auction 50%
  • Sold by Private Sale or Other Method 50%
  • (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)28

Auction clearance rate in Frankston South

(all agencies, last 12 months)50%

Average held period in Frankston South

(proptrack)11 years

Frankston South Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$778pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$515pw

Unit rental price change

(all agencies, last 12 months)0.01%

Average rental yield for Houses

(all agencies, last 12 months)3.29%

Average rental yield for Units

(all agencies, last 12 months)4.25%

Frankston South total population size

(as at the last census)18,801

Median household size in Frankston South

(as at the last census)2.6

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

Frankston South property types

  • Houses 58%
  • Units 9%
  • Other 33%

OCCUPANCY in Frankston South

  • Owned 78%
  • Rented 16%
  • Other/Not Stated 6%
  • Singles 23%
  • Families 75%
  • Other 2%

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About Frankston South

Frankston South is a highly sought-after and affluent residential suburb located approximately 43 kilometres south-east of the Melbourne CBD, offering a prestigious lifestyle defined by its elevated position, leafy streetscapes, and immediate access to the beautiful Mornington Peninsula coastline.

The suburb’s appeal is intrinsically linked to its natural beauty, allowing residents to spend the day enjoying the beach, taking in the panoramic views from the famous Olivers Hill lookout, picnicking in the many reserves and parks, or enjoying a round at the Frankston Golf Club.

Education is the primary driver of property demand, with the area falling within the highly prized Frankston High School catchment area, which is regarded as one of the most reputable in Victoria, alongside other excellent institutions such as Derinya Primary School and the independent Woodleigh School.

While the suburb maintains a tranquil atmosphere and does not contain major shopping centres, hospitals, or train stations, its convenience is superb due to its close proximity to the comprehensive amenities of the Frankston CBD and the neighbouring village of Mt Eliza, with small strip shops and local supermarkets catering to daily needs.

Connectivity is well-managed by bus services that link residents to the Frankston Train Station and major arterial routes, including the Nepean Highway and Moorooduc Highway, making Frankston South an enduringly stable and blue-chip market for discerning buyers and investors.

Education

Derinya Primary School
Mount Erin Secondary College
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Sales Comparison

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

Frankston South MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025357$991,000no change231$647pw3.77%
2024358$921,500-1.03%235$617pw4.04%
2023315$956,250-1.06%238$589pw3.78%
2022307$951,2501.96%263$537pw3.55%
2021466$955,00033.64%218$513pw3.10%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025357$991,000no change
2024358$921,500-1.03%
2023315$956,250-1.06%
2022307$951,250+1.96%
2021466$955,000+33.64%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025231$647pw3.77%
2024235$617pw4.04%
2023238$589pw3.78%
2022263$537pw3.55%
2021218$513pw3.10%

PROUDLY SERVICING Frankston South

Barry Plant
Frankston

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NEWS & INSIGHTS

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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.