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Frankston City, VIC

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The Frankston City is a local government area (LGA) in the southern suburbs of Melbourne, Victoria. The LGA offers a wide variety of properties, from affordable family homes to luxurious waterfront properties.

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The real estate market in Frankston City is booming, with prices for properties increasing significantly in recent years.

The economy of Frankston City is based largely on its service sector, which employs around three-quarters of the workforce. Major industries in the area include healthcare, education, retail, and tourism. The city also has a strong manufacturing sector, with a number of major companies located in the area.

In Frankston, the most frequent jobs are Technicians and Trades Workers (17.2%), Professionals (16.4%), Clerical and Administrative Workers (14.0%), Community and Personal Service Workers (11.8%), and Sales Workers (11.2%). Frankston’s typical weekly personal income for residents aged 15 years and over is $660.

In Frankston, 79.1 % of occupied private residences are detached houses, 17.2 % are semi-detached, row or terrace houses, townhouses, etc., 2.7 % are flats or apartments, and 0.9 % are other housing.

The Frankston City real estate market is a great option for those looking for a coastal city with a growing population and a wide variety of properties. Frankston City suburbs offer a wide variety of properties, from affordable family homes to luxurious waterfront properties. The suburbs are all growing rapidly, and offer a great lifestyle choice for those looking for a coastal city with a thriving community.

Discover the latest property market trends for sales and rentals in Frankston City suburbs with the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Frankston City, VIC

What other property markets are there near Frankston City, VIC?

Frankston City is surrounded by 4 other council areas – Casey, Greater Dandenong, Mornington Peninsula, Kingston.

How many people live in Frankston City, VIC?

There are approximately 134000 people living in roughly 57000 dwellings in total, with an average household size of 2.5.

What are current and planned infrastructure projects in Frankston City, VIC?

Notable infrastructure projects include Electrification of Frankston Rail Line towards Mornington Peninsula, Jubilee Park Indoor Stadium Redevelopment, Tennis Redevelopment at Centenary Park, Safe Boat Refuge and Coast Guard Facility, Ballam Park South Sports Pavilion, Overport Park Pavilion Redevelopment, Lloyd Park Pavilion Redevelopment.

What major retailers are there in Frankston City, VIC?

The main retail centres are Karingal Hub, Forever New, Ghanda Clothing, Best&Less Frankston, Connor Frankston, TK Maxx Frankston, The Gateway, EB Games Frankston Town, Target Frankston, Woolworths.

What is the main industry in Frankston City, VIC?

Such sectors as Health Care and Social Assistance, Construction, Retail Trade, Manufacturing, Education and Training make up the largest part of the employment.

What are the dominant demographic groups in Frankston City, VIC?

Among approximately 134000 people in Frankston City males and females make roughly 49% and 51% respectively. The median age of people is 38 years. Children aged 0-14 years account for approximately 19% of the population, and those aged 65+ years account for 15%.

How is unemployment rate trending in Frankston City, VIC?

Among approximately 68000 people employed, roughly 58% work full-time, 31% work part-time, and an estimated 6.4% are unemployed.

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