frankston

3199, Victoria

Real Estate & Property Information

Median
Price Rank
427

frankston Suburb Profile & Review

Frankston isin an enviable location between Greater Melbourne and the Mornington Peninsula. The largesuburb is only forty-five minutes from the Melbourne CBD and mere minutes fromlovely peninsula townsalong Port Phillip Bay. Residents enjoy languid strolls along the Frankston Boardwalk, which overlooks the Frankston foreshore. The Frankston Waterfront is one of the only developed areas of the largely untouched natural foreshore, and it features a themed playground, a popular restaurant, tourism facilities and of course the iconic Frankston Pier.

The sheer number of primary schools in the area reflects the prevalence of young families. The local council often organises public family events at parks and gardens in the area, and the annual Teddy Bears' Picnic at George Pentland Botanic Gardens is a favourite. Frankston High School is viewed 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.

Frankston Station, located in Zone 2,is the terminus for the Frankston train line, which runs all the way into Flinders Street. Leawarra Station is also situated in Frankston. A number of bus lines converge in the area on their way fromsurrounding eastern suburbs and coastal towns. Shopping enthusiasts will be keen to learn that Bayside 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. Young residentsflock to the bars and restaurants littering the Nepean Highway.

frankston Demographic Data

$ 355,950 Median House Price

44 Minutes Average Commute

38 Median Age

35,009 Population

51.50 % Female

48.50 % Male

9164 NO OF FAMILIES

1.7 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, Victoria.

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frankston 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 Median House Prices

  • 2008 $ 280,000
  • 2009 $ 305,000
  • 2010 $ 315,000
  • 2011 $ 366,000
  • 2012 $ 355,950

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 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 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 property price predictions.

frankston Market Property Types

  • 77 % Seperate House
  • 7 % Semi Detached
  • 16 % 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 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 Income & Mortgage Stats

  • $ 954 Median Weekly Household Income
  • $ 1,495 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

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 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 Sold Property Prices

frankston 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.

frankston Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

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.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

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.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

frankston Restaurants

  • Waves2/1 Long Island Drivefrankston VIC 319903 9770 0000
  • The Boathouse Restaurant366 Nepean Highwayfrankston VIC 319903 9770 5330
  • Tamari475 Nepean Highwayfrankston VIC 319903 9783 7983

frankston Cafes

  • Caesars343 Nepean Highwayfrankston VIC 319903 9770 0111
  • Oceanic Cafe5A Wells Stfrankston VIC 319903 9783 8829
  • The Boathouse Restaurant366 Nepean Highwayfrankston VIC 319903 9770 5330

frankston Schools

  • John Paul CollegeMc Mahons Rdfrankston VIC 3199(03) 9784 0200Catholic Secondary School
  • Disability Employment AustraliaLevel 1, 146 Young Stfrankston VIC 3199(03) 8676 0353Adult Multicultural Education Service
  • St. Augustines Primary SchoolGolf Links RoadÊÊfrankston VIC 3199(03) 9781 3007Catholic Primary School

frankston Childcare

  • Amaroo Child Care Centre6 Hastings Roadfrankston VIC 3199
  • Hope ELC88 Dandenong Rd Eastfrankston VIC 3199
  • Frankston Campus CCCCnr Oates & Smyth Stsfrankston VIC 3199

frankston Kindergarten and Preschools

  • Baden Powell PreschoolHumphries Roadfrankston VIC 3199
  • Ballam Park PreschoolNaranga Crescentfrankston VIC 3199
  • Bayview Park Preschool13 Willow Roadfrankston VIC 3199

frankston Sporting Centres and Clubs

  • Frankston, Karingal Ballam Parkfrankston VIC 3199Athletics Club
  • Little Athletics Centres, Ballam Pkfrankston VIC 3199Athletics Club
  • Frankstonfrankston VIC 3199Golf Course

frankston Retirement Villages

  • Long Island Villagefrankston VIC 3199

frankston Vets

  • Animal Emergency Centrefrankston VIC 3199

Find out How Much your House is Worth in frankston

Request a free market Basic Report for frankston 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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