Frankston North (postcode 3200) is a moderately sized suburb in Victoria within the Frankston local government area. With a population of 5,711, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $59K per year, with an average household size of 2.3 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Frankston North has a median house price of $598,000, holding roughly steady year-on-year. Units have a median price of $638,000 (+5.9% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,408.
Frankston North is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 918, which is below the national average of 1,000. Public transport access includes 1 rail station, 37 bus stops. The crime rate in the Frankston LGA is higher than average at 11,751 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.9% (moderate yield). Property prices are near the state median ($598K/$850K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved +0.4% 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.