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frankston
3199, Victoria
Real Estate & Property Information
Median
Price Rank 427
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.
Invest/Buy/Sell Checklist
Research
- 7 Tips On How To Buy/Sell
- Property/Suburb Report
- Buyer/Vendor Advocacy
- Finance Strategy & Lending
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7 Tips On How To Buy/Sell Enquiry
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Property/Suburb Report Enquiry
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Buyer/Vendor Advocacy Enquiry
Receive Independent Advice about Buying or Selling Our qualified buyer and vendor advocates can help you build your property portfolio with quality capital growth properties or conversely help you sell your property. Their thorough processes are designed to suit your specific needs, and their independent advice can take the stress out of the buying and selling process.
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Finance Strategy & Lending Enquiry
Hone Your Financial Knowledge by Speaking to a Finance Broker
Obtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Ownership Structure Enquiry
Are you financially structured the right way to invest in property?
Talk to a professional who is able to sit down with you and assess your goals and structure your finances in a way that will help you invest in property for the long-term.
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Property Valuation Enquiry
Have you bought your first investment property and don’t know where to start when it comes to management or just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
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Rental Appraisal Enquiry
Have you bought your first investment property and don’t know where to start when it comes to management - or are you just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
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Building & Pest Inspection Enquiry
Understand the Condition of Your Property Before You Buy
Avoid any nasty surprises before purchasing your property. Request a building and pest inspection report. This report will tell you everything you need to know about the condition of the property, including interior and exterior defects, termite activity and the presence of environmental dangers such as asbestos.
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Post Purchase
- Landlords Insurance
- Depreciation Schedule
- 1. Capital works allowance (Division 43) Takes into account the construction costs of the building itself, such as concrete and brickwork
- 2. Plant and equipment (Division 40) A deduction available for removable assets identified by the ATO that depreciate at a faster rate than the building eg carpet, dishwasher, blinds, ovens.
- Removalist
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Landlords Insurance Enquiry
Get Peace of Mind with Quality Landlord Insurance Protection?
Buying an investment property for the first time? Concerned about tenants damaging your property, rental loss or losing your job and being unable to pay your mortgage?
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Depreciation Schedule Enquiry
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
Tax Depreciation Calculator
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Removalist Enquiry
Find the Best Removalist for the Job
Take the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
Would you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?
Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.
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Trades Enquiry
Find a Qualified Local Tradesperson
Finding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.
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frankston Demographic Data
$ 355,950 Median House Price
44 Minutes Average Commute
38 Median Age
35,009 Population
51.50 % Female
48.50 % Male
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.
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
77 AQUARIUS DRIVE
6 PARTRIDGE CRESCENT
5 Helsal Court
14 JAMES STREET
1B Netherbrae Road
7 Charon Court
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.
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- Jamie Universita
- Eview Real Estate
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- Ashley Weston
- Ray White
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- Christine Graham
- Harcourts
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- Adrian Foster
- Hocking Stuart
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frankston Related Local Blog Posts
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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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