Real Estate Frankston Vic 3199

Frankston: Beautiful, sandy, beachy suburb.

Housing Market in Frankston

Key Frankston Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Mornington Peninsula	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$599	Top 46%	199% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Frankston

Frankston Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Frankston

25.7%

Mornington Peninsula

30.8%

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Suburbs

Field	Value	VS Mornington Peninsula	Trend
Development applications	138	Top 16%	56% to Jun 2025
Developments	1.6	Bottom 38%	Data for Jul 2023
Housing Stock Quality Indicator	52.7	Top 13%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	16 lots	Top 17%	66% to Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	116	Top 1%	1350% to Feb 2025

Housing Stock Quality in Frankston

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Mornington Peninsula	Trend
Houses	73.6%	Bottom 9%	4% to Jan 2021
Average bedrooms - all homes	2.2	Bottom 26%	4% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Top 24%	Data for Jun 2023

Development Restrictions in Frankston

Frankston Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Frankston

31.9%

Mornington Peninsula

28.0%

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Suburbs

Field	Value	VS Mornington Peninsula	Trend
Total area	18.0 sq km	Top 37%	Data for Jan 2021
Heritage overlay total area	0.7 sq km	Top 14%	Data for Jun 2023
Residential density	376 sqm per resident	Bottom 17%	Data for Jan 2021

Risk in Frankston

Frankston Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Frankston

50.3

Mornington Peninsula

44.5

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Suburbs

Field	Value	VS Mornington Peninsula	Trend
% Owner Occupied	70.5%	Bottom 6%	0% to May 2023
% Rentals	29.5%	Top 6%	1% to May 2023
Housing Affordability Index	38	Top 35%	Data for Jun 2023
Median monthly mortgage	$1,660	Bottom 35%	15% to May 2023
Rent Affordability Index (Houses)	79	Top 47%	Data for Jun 2023
Rent Affordability Index (Units)	73	Bottom 33%	Data for Jun 2023
Mortgage as a percent of income	28.7%	Top 19%	7% to Jan 2021
Mortgaged Dwellings	36.7%	Bottom 44%	11% to May 2023

Housing Demand in Frankston

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Frankston

78.9%

Mornington Peninsula

79.2%

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Suburbs

Field	Value	VS Mornington Peninsula	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	27600	Top 5%	15% to Dec 2036
Historical Population (SA3)	143000	Top 13%	26% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	164000	Top 10%	45% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Frankston

Frankston Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Mornington Peninsula	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$462	Bottom 44%	218% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	72.0%	Bottom 46%	24% to Mar 2025

Median House Rental Prices by Street (100)

Level_0	Street	Date	Median rent (per week)
119995	Frank St	13 Mar 2025	$550
119994	Franciscan Ave	13 Mar 2025	$635
120000	Frankston-Flinders Rd	13 Mar 2025	$560
119991	Frallon Cr	13 Mar 2025	$560
119985	Foot St	13 Mar 2025	$525

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$608,000	Frawley St
10 May 2024	$400,000	Government Rd
10 May 2024	$785,000	Gould St
10 May 2024	$482,000	Gairloch Dr
10 May 2024	$510,000	Frank St

LGA Details (1)

Headline	Place	Datetime
Local government area	Frankston

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Belar Ave	10 May 2024	$702,000
Birtinya Ct	10 May 2024	$672,000
Birkdale Ct	10 May 2024	$750,000
Barwon Ave	10 May 2024	$770,000
Bloom St	10 May 2024	$590,000

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
45.5%	Francis St	very tightly held	Every 22.0 years (very tightly held)	2025
72.7%	Oaklands Cr	average turnover	Every 13.8 years (average turnover)	2025
77.1%	Campbell St	average turnover	Every 13.0 years (average turnover)	2025
20.0%	Lawn Ct	very tightly held	Every 50.0 years (very tightly held)	2025
108.6%	Nepean Hwy	very high turnover	Every 9.2 years (very high turnover)	2025

Percent of Renters by Street (100)

Percent of Renters	Street
32.4%	Abbeygate Ct
61.7%	Abelia Ave
40.0%	Abor Ct
34.7%	Acacia Ct
61.4%	Acton Cl

Realtors (20)

Headline	Place	Datetime
ACM Investment Group Pty Ltd
Ash Marton Realty	332 Nepean Hwy
Auction Your Car	30-32 Overton Rd
Biggin & Scott Frankston	23 Playne St
Bright Advocates

Accommodation Options (15)

Headline	Place	Datetime
Davey's Bar & Restaurant	510 Nepean Hwy
Frankston International Motel	383-389 Nepean Hwy
Quest Frankston	377 Nepean Hwy
Quest Frankston on the Bay	435-437 Nepean Hwy
Room for rent

Businesses (91)

Name	Address
Mackie	401 Nepean Hwy, Frankston VIC 3199, Australia
Marradon Constructions	1/49 Beach St, Frankston VIC 3199, Australia
United Construction Services PTY LTD	24a/435 Nepean Hwy, Frankston VIC 3199, Australia
SMC Endeavours Pty Ltd	Ground Floor 435 Nepean Hwy, Frankston VIC 3199, Australia
Southeast Precision Painting	5/6-12 Williams St, Frankston VIC 3199, Australia

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
22 Oaklands Cr	$685,600	4.0	2.0	2.0	11 Mar 2025	On Market
18 Helvetia Ct	$885,000	4.0	2.0	2.0	08 Mar 2025	On Market
10 Savannah Ct	Price Withheld	3.0	2.0	2.0	07 Mar 2025	On Market
5 Chaucer Ave	$705,115	3.0	2.0	2.0	06 Mar 2025	On Market
3 Sandpiper Pl	Price Withheld	3.0	2.0	1.0	05 Mar 2025	On Market

Planning Applications: Dwellings (71)

Headline	Place	Date
Section 72 - To use and construct a Service Station and to display signage in a General Residential Zone (GRZ), to construct buildings and works in Design and Development Overlay Schedule 6 (DDO6) and Erosion Management Overlay Schedule 3 (EMO3) and to alter access to road in a Transport Zone 2 - Frankston City Council 810/2023/P/A	521-523 Nepean Highway, Frankston 3199, VIC	29 Jan 2025
Secondary Consent - To construct buildings and works (garage and habitable room) to an existing single dwelling on a lot in a Special Building Overlay (SBO) - Frankston City Council 91/2020/VS/B	1 Lytham Court, Frankston 3199, VIC	28 Jan 2025
Section 72 - To construct buildings and works to an existing dwelling in a Design and Development Overlay Schedule 6 (DDO6) - Frankston City Council 821/2022/P/C	29 Gweno Avenue, Frankston 3199, VIC	28 Jan 2025
Section 72 - To construct two (2) two-storey dwellings and alterations to the existing three-storey dwelling (three (3) dwellings). - Frankston City Council 308/2024/P/B	114 Gould Street, Frankston 3199, VIC	25 Jan 2025
To subdivide the land into three (3) lots in a General Residential Zone (R1Z) - Frankston City Council 42/2025/P	10 Frome Avenue, Frankston 3199, VIC	25 Jan 2025

Planning Applications: Other (29)

Headline	Place	Date
Variation of Condition 23 - Planning Permit –521-523 Nepean Highway Frankston VIC 3199 - Frankston City Council 45/2025/P	521-523 Nepean Highway, Frankston 3199, VIC	28 Jan 2025
Secondary Consent - To construct buildings and works (garage and habitable room) to an existing single dwelling on a lot in a Special Building Overlay (SBO) - Frankston City Council 91/2020/VS/B	1 Lytham Court, Frankston 3199, VIC	28 Jan 2025
Section 72 - Alterations and additions to existing veterinary clinic practice include conversion of existing building at 198 Beach Street into animal hospital respite care for 28 small animals - Frankston City Council 467/2008/P/C	144 Cranbourne Road, Frankston 3199, VIC	20 Jan 2025
Section 72 - Alterations and additions to existing veterinary clinic practice include conversion of existing building at 198 Beach Street into animal hospital respite care for 28 small animals - Frankston City Council 467/2008/P/C	144 Cranbourne Road, Frankston 3199, VIC	20 Jan 2025
Section 72 - To use the land for medical centre, shop (pharmacy) and office, and to construct a five (5) storey building (containing four (4) dwellings, café, medical centre, shop (pharmacy) and office) in a Mixed Use Zone (MUZ), to construct a building and works in a Design and Development Overlay Schedule 5 (DDO5), to reduce the number of car parking spaces required under the Parking Overlay Schedule 1 (PO1) and to alter the access to road in a Transport Zone 2 - Frankston City Council 490/2020/P/J	303 Nepean Highway, Frankston 3199, VIC	14 Jan 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
64 High St	$670	3	1	1	11 Mar 2025
10 Erica St	$580	3	1	0	11 Mar 2025
7 Frew Ave	$570	3	1	2	11 Mar 2025
36 Drysdale Ave	$520	3	2	2	07 Mar 2025
8 Pine Hill Dr	$575	3	1	4	07 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 2, 109a Frankston-flinders Rd	$770,000	3.0	2.0	2.0	04 Mar 2025	On Market
Unit 5, 7 Lardner Rd	Price Withheld	2.0	1.0	1.0	04 Mar 2025	On Market
Unit 3, 15 Frank St	Price Withheld	3.0	2.0	2.0	04 Mar 2025	On Market
Unit 2, 109a Frankston-flinders Rd	$770,000	3.0	2.0	2.0	04 Mar 2025	On Market
Unit 2, 109a Frankston-flinders Rd	$770,000	3.0	2.0	2.0	04 Mar 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Room 9, 25 Addicott St	$340	1.0	1.0	0.0	11 Mar 2025
Unit 6, 7 Petrie St	$390	2.0	1.0	1.0	11 Mar 2025
Unit 6, 337a Nepean Hwy	$390	2.0	1.0	0.0	10 Mar 2025
Unit 6, 337a Nepean Hwy	$390	2.0	1.0	0.0	08 Mar 2025
Unit 1, 396 Nepean Hwy	$420	2.0	1.0	1.0	07 Mar 2025