Frankston is a well-populated suburb in Victoria within the Frankston local government area (postcode 3199). The area has roughly 37,331 residents and an established family demographic, with a median age of 39. Households earn a median income of $72K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Frankston stand at $725,000, having dipped slightly by 2% over the last twelve months. Units have a median price of $550,000 (+5.3% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,733.
Frankston is served by 15 schools, including 9 primary, 3 secondary, 3 special. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 13 rail stations, 205 bus stops. Healthcare facilities include 3 public and 2 private hospitals. The crime rate in the Frankston LGA is higher than average at 11,751 incidents per 100,000 population.
From an investment perspective, Frankston shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices are near the state median ($725K/$850K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved -2.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.