frankston south

3199, Victoria

Real Estate & Property Information

Median
Price Rank
226

frankston south Suburb Profile & Review

Frankston South is in an enviable location between Greater Melbourne and the Mornington Peninsula.It is home to some of the City of Frankston's most expensive real estate due to its scenic location overlooking Port Phillip Bay and the Sweetwater Creek Nature Reserve.

There are five schools in the area,including St Augustine's Primary School, Woodleigh School's junior campus, and Frankston High School, which isviewed as one of the most successful government schools in the state. The Peninsula Campus of Monash University has an affiliation with Frankston Hospital due to its focus on health and wellbeing studies.

A number of bus services run through Frankston South 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 south Demographic Data

$ 530,000 Median House Price

45 Minutes Average Commute

43 Median Age

17,612 Population

51.79 % Female

48.21 % Male

4893 NO OF FAMILIES

1.9 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 south, Victoria.

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frankston south 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 south Median House Prices

  • 2008 $ 399,000
  • 2009 $ 426,500
  • 2010 $ 460,000
  • 2011 $ 527,495
  • 2012 $ 530,000

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 south 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 south 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 south property price predictions.

frankston south Market Property Types

  • 87 % Seperate House
  • 5 % Semi Detached
  • 7 % Flat or Unit
  • 1 % 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 south 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 south Income & Mortgage Stats

  • $ 1,372 Median Weekly Household Income
  • $ 1,800 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 south

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 south 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 south Sold Property Prices

frankston south 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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Where is The Property Market Heading?

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Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

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New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

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frankston south Schools

  • Minimbah Woodleigh SchoolMinimbah Courtfrankston south VIC 3199(03) 5971 6100Private School
  • Woodleigh School Minimbah Junior CampusMinimbah Courtfrankston south VIC 3199(03) 5971 6100Private School
  • Derinya Primary SchoolOverport Roadfrankston south VIC 3199(03) 9787 3633State Primary School

frankston south Childcare

  • ABC Learning Centre77 Stotts Lanefrankston south VIC 3199
  • Piccolos Child Care118 Overport Rdfrankston south VIC 3199

frankston south Kindergarten and Preschools

  • Delacombe Park Preschool29 Overport Roadfrankston south VIC 3199
  • Paratea PreschoolParatea Avenuefrankston south VIC 3199

frankston south Sporting Centres and Clubs

  • Yamala Parkfrankston south VIC 3199Bowling Club
  • Mornington Peninsula Pony Clubfrankston south VIC 3199Horse Riding Club
  • Delacombe Parkfrankston south VIC 3199Tennis Club & Courts

frankston south Retirement Villages

  • Baptist Villagefrankston south VIC 3199
  • RSL Park War Veterans Homefrankston south VIC 3199

Find out How Much your House is Worth in frankston south

Request a free market Basic Report for frankston south 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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