frankston north

3200, Victoria

Real Estate & Property Information

Median
Price Rank
544

frankston north Suburb Profile & Review

Frankston North, or 'The Pines' as it is commonly known,is in an enviable location between Greater Melbourne and the Mornington Peninsula.It is predominantly a working class suburb, and its streetscapes are dominated by 1960s and 1970s era homes.

There are five schools in the area,including St Anthony's Coptic Orthodox College and Monterey Secondary College, which has a reputation in visual and performing arts. The Pines Forest Swimming Centre features a large outdoor pool and a water slide, making it a popular gathering spot for families. Monterey Community Park is another oft frequented area with open grassy areas, a playground, BBQ facilities and a skate park.

A number of bus services run through Frankston North on their way to the Frankston CBD. Frankston Station, located in Zone 2,is the terminus for the Frankston train line, which runs all the way into Flinders Street. There are no major shopping areas in the suburb itself,but nearbyBayside Shopping Centre is the largest shopping centre on the Mornington Peninsula. Just a short distance away, Cento Karingal boasts a cinema complex and a few restaurants.

frankston north Demographic Data

$ 276,000 Median House Price

41 Minutes Average Commute

39 Median Age

5,626 Population

51.26 % Female

48.74 % Male

1443 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in frankston north, Victoria.

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frankston north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

frankston north Median House Prices

  • 2008 $ 210,000
  • 2009 $ 227,048
  • 2010 $ 237,000
  • 2011 $ 280,000
  • 2012 $ 276,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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frankston north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in frankston north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term frankston north property price predictions.

frankston north Market Property Types

  • 92 % Seperate House
  • 3 % Semi Detached
  • 5 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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frankston north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

frankston north Income & Mortgage Stats

  • $ 760 Median Weekly Household Income
  • $ 1,180 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in frankston north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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frankston north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

frankston north Sold Property Prices

frankston north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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frankston north Schools

  • St. Anthonys Coptic Orthodox College15 Alpina Streetfrankston north VIC 3200(03) 9786 3145ÊPrivate School
  • Aldercourt Primary SchoolSilver Avenuefrankston north VIC 3200(03) 9786 4488State Primary School
  • Mahogany Rise Primary SchoolForster Avenuefrankston north VIC 3200(03) 9786 3211State Primary School

frankston north Childcare

  • Candlebark Child Care Centre2A Candlebark Crescentfrankston north VIC 3200

frankston north Kindergarten and Preschools

  • Wirilda KindergartenWirilda Crescentfrankston north VIC 3200

frankston north Sporting Centres and Clubs

  • Frankston Pinesfrankston north VIC 3200Soccer Club
  • Frankston East Tennis Clubfrankston north VIC 3200Tennis Club & Courts
  • Frankston Northfrankston north VIC 3200Skate Park Facility

Find out How Much your House is Worth in frankston north

Request a free market Basic Report for frankston north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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