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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Frankston, the median property price for a house is currently 735,500 with annual capital growth of 2.15 . There were 538 house sales in the past 12 months. On average, houses spend 20 days on market.
If you're thinking about buying an investment property in Frankston, consider that rental yields for houses are currently 3.89 with an average median rent of 550 weekly. Houses have seen -0.61 growth in the past quarter, and 2.15 growth in the past 12 months.
The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% in the area during that time. The predominant age group in Frankston is 30-39 years.
Households in Frankston are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.
In Frankston, the median property price for a unit is currently 527,250 with annual capital growth of 5.45 . There were 406 unit sales in the past 12 months. On average, units spend 23 days on market.
If you're thinking about buying an investment property in Frankston, consider that rental yields for units are currently 4.73 with an average median rent of 460 weekly. Units have seen 1.88 growth in the past quarter, and 5.45 growth in the past 12 months.
The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% in the area during that time. The predominant age group in Frankston is 30-39 years.
Households in Frankston are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.
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| Key Market Data | House | Unit |
| Median price | 735,500 | 527,250 |
| Quarterly growth | -0.61 | +1.88 |
| 12-month growth | +2.15 | +5.45 |
| Average annual growth | +5.23 | +5.35 |
| Weekly median rent | 550 | 460 |
| Gross rental yield | 3.89 | 4.73 |
| Number of Sales (12m) | 538 | 406 |
| Avg. Days on Market (12m) | 20 | 23 |
| Key Demographics | 2011 | 2016 |
| Total population | 35,009 | 36,090 |
| Population change (5y) | +1.60 | +3.10 |
| Median household income (p/w) | 957 | 1,116 |
| Household income change (5y) | +20.68 | +16.61 |
| Median age of persons | 38 | 38 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Frankston was 36,090 in 2016, a +3.10 change compared to 2011.
The predominant age group in Frankston is 30-39 years.
The population of Frankston was 36,090 in 2016, a +3.10 change compared to 2011.
The predominant age group in Frankston is 20-29 years.
Most of the population in Frankston were born in Australia.
Most of the population in Frankston were born in Australia.
Most of the population in Frankston report their religion as No Religion.
Most of the population in Frankston report their religion as No Religion.
Most of the population in Frankston report their income range as between 78,000 and 130,000 .
The median household income in Frankston was 1,116 in 2016, a +16.61 change compared to 2011.
Most of the population in Frankston report their income range as between 31,000 and 52,000 .
The median household income in Frankston was 957 in 2011, a +20.68 change compared to 2006.
Most of the population in Frankston work as Professional.
Most of the population in Frankston work as Trades.
The chart below demonstrates the various levels of education in Frankston.
The chart below demonstrates the various levels of education in Frankston.
Most of the population in Frankston reached a qualification level of Certificate.
Most of the population in Frankston reached a qualification level of Certificate.
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