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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 South, the median property price for a house is currently 1,180,000 with annual capital growth of 4.89 . There were 274 house sales in the past 12 months. On average, houses spend 29 days on market.
If you're thinking about buying an investment property in Frankston South, consider that rental yields for houses are currently 3.14 with an average median rent of 650 weekly. Houses have seen 2.97 growth in the past quarter, and 4.89 growth in the past 12 months.
The size of Frankston South is approximately 14.6 square kilometres. It has 36 parks covering nearly 10.1% of total area. The population of Frankston South in 2011 was 17,612 people. By 2016 the population was 18,183 showing a population growth of 3.2% in the area during that time. The predominant age group in Frankston South is 40-49 years.
Households in Frankston South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston South work in a professional occupation. In 2011, 77.9% of the homes in Frankston South were owner-occupied compared with 76.2% in 2016.
In Frankston South, the median property price for a unit is currently 748,000 with annual capital growth of 1.77 . There were 49 unit sales in the past 12 months. On average, units spend 32 days on market.
If you're thinking about buying an investment property in Frankston South, consider that rental yields for units are currently 3.77 with an average median rent of 550 weekly. Units have seen -2.22 growth in the past quarter, and 1.77 growth in the past 12 months.
The size of Frankston South is approximately 14.6 square kilometres. It has 36 parks covering nearly 10.1% of total area. The population of Frankston South in 2011 was 17,612 people. By 2016 the population was 18,183 showing a population growth of 3.2% in the area during that time. The predominant age group in Frankston South is 40-49 years.
Households in Frankston South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston South work in a professional occupation. In 2011, 77.9% of the homes in Frankston South were owner-occupied compared with 76.2% in 2016.
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| Key Market Data | House | Unit |
| Median price | 1,180,000 | 748,000 |
| Quarterly growth | +2.97 | -2.22 |
| 12-month growth | +4.89 | +1.77 |
| Average annual growth | +7.76 | +4.79 |
| Weekly median rent | 650 | 550 |
| Gross rental yield | 3.14 | 3.77 |
| Number of Sales (12m) | 274 | 49 |
| Avg. Days on Market (12m) | 29 | 32 |
| Key Demographics | 2011 | 2016 |
| Total population | 17,612 | 18,183 |
| Population change (5y) | +1.45 | +3.20 |
| Median household income (p/w) | 1,368 | 1,608 |
| Household income change (5y) | +16.92 | +17.54 |
| Median age of persons | 43 | 43 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Frankston South was 18,183 in 2016, a +3.20 change compared to 2011.
The predominant age group in Frankston South is 40-49 years.
The population of Frankston South was 18,183 in 2016, a +3.20 change compared to 2011.
The predominant age group in Frankston South is 40-49 years.
Most of the population in Frankston South were born in Australia.
Most of the population in Frankston South were born in Australia.
Most of the population in Frankston South report their religion as No Religion.
Most of the population in Frankston South report their religion as No Religion.
Most of the population in Frankston South report their income range as between 78,000 and 130,000 .
The median household income in Frankston South was 1,608 in 2016, a +17.54 change compared to 2011.
Most of the population in Frankston South report their income range as between 78,000 and 130,000 .
The median household income in Frankston South was 1,368 in 2011, a +16.92 change compared to 2006.
Most of the population in Frankston South work as Professional.
Most of the population in Frankston South work as Professional.
The chart below demonstrates the various levels of education in Frankston South.
The chart below demonstrates the various levels of education in Frankston South.
Most of the population in Frankston South reached a qualification level of Certificate.
Most of the population in Frankston South reached a qualification level of Certificate.
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