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Frankston Property Investment Overview

Suburb research data for Frankston, VIC 3199 — median prices, rental yield and suburb signals. General information only.

Government Public Data Price 2025 Rent 2021
Median House Price
$750,000
2025 data · estimate
Gross Rental Yield
2.4%
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Weekly Rent
$342
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Renter Demand
60%
of residents rent
Vacancy Rate
1.2%
Low — tight market
Population
37,331
Suburb residents
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📍 Suburb Overview

State VIC
Postcode 3199
Median house price $750,000
Median unit price —
Weekly rent (median) $342/wk (unlock cashflow model)
Gross yield 2.4% (unlock risk & score)
Renter % 60.4%
Vacancy rate 1.21%
Population 37,331
Median household income $72,124/yr
Owner-occupied 39.6%
Median age 39 yrs
Total dwellings 9,846

🛡️ Safety & Crime

Reported crime level Higher reported crime
Incidents / 1,000 residents 80

Frankston shows above-average reported crime compared with other VIC suburbs, based on 2024 state police data.

Source: VIC police / crime statistics. Reported offences vary by category and reporting practices — check current local figures before deciding.

Investment Signals

Confidence: High High

Multiple core metrics are available, including price, rent/yield and population or demand indicators.

Last updated: 2025 · Public suburb-level data coverage varies by location and source. Verify current figures before making property decisions.

✅ Low vacancy (1.2%) — tight rental market
✅ High renter proportion (60%) — strong rental demand base
⚠️ Price is an estimate — limited recent transaction data available
⚠️ Rent data is from 2021 — may not reflect current market
⚠️ Higher reported crime (80 incidents/1,000 residents) — VIC reported data 2024
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Price History

Source: VIC_DTPLI_Quarterly. Suburb-level medians — not individual sale prices.

🏫 Schools

Schools in suburb 12
Primary 9
Secondary 3
Schools in Frankston
Ballam Park Primary School Primary · Government
Frankston East Primary School Primary · Government
Frankston Heights Primary School Primary · Government
Frankston Primary School Primary · Government
Karingal Heights Primary School Primary · Government
Karingal Primary School Primary · Government
Kingsley Park Primary School Primary · Government
Overport Primary School Primary · Government
St Francis Xavier School Primary · Catholic
Frankston High School Secondary · Government
John Paul College Secondary · Catholic
McClelland Secondary College Secondary · Government
Brotherhood of St Laurence|David Scott School Other · Independent
Frankston Special Developmental School Other · Government
Naranga Special School Other · Government
School locations from state education departments / ACARA. List reflects schools located within the suburb.

🔄 Compare & Explore

Similar suburbs in VIC by price range, ranked by yield:

Sandhurst, VIC
5.1% yield
$545,000
Sandhurst, VIC
5.0% yield
$549,000
Waterways, VIC
4.9% yield
$667,000
Balnarring, VIC
4.8% yield
$525,000
Balnarring, VIC
4.6% yield
$544,000
Croydon Hills, VIC
4.5% yield
$571,500
Compare with nearby Open comparison →
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💰 Cashflow Snapshot

80% LVR · 6.2% interest · indicative only — not financial advice
Purchase price $750,000
Deposit (20%) $150,000
Loan (80% LVR) $600,000
Weekly rent $342/wk
Annual rent income $17,784/yr
Est. annual interest -$••,•••
Mgmt fees + costs -$•,•••
Est. net cashflow +/- $••,•••/yr
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❓ Frequently Asked Questions

Is Frankston a good suburb to invest in?

Frankston has a high renter proportion (60%) and a low vacancy rate, suggesting tight rental demand. Use this data as a research signal only. Always conduct property-level due diligence and seek independent professional advice before making any investment decision.

What is the median house price in Frankston?

The median house price in Frankston is approximately $750,000 based on 2025 public data (estimate — limited transaction evidence available).

What is the rental yield in Frankston?

The indicative gross rental yield in Frankston is 2.4%, based on a median weekly rent of $342 against a median price of $750,000. This is general data only — actual yields vary by property, condition and market timing.

How does Frankston compare to other suburbs?

Use the suburb comparison tool to compare Frankston against other Australian suburbs by price, yield, vacancy and renter demand.

Is Frankston a safe suburb?

Frankston shows above-average reported crime compared with other suburbs in VIC, based on 2024 state police data. The reported crime rate is about 80 incidents per 1,000 residents. Always check current local crime statistics before deciding.

What schools are in Frankston?

Frankston has 15 known schools, including Ballam Park Primary School, Frankston East Primary School, Frankston Heights Primary School, Frankston Primary School. Catchments and enrolment policies change — confirm directly with each school.

Where does PropertyScoutAU get its suburb data?

PropertyScoutAU uses public and government datasets where available, including price, demographic and rental indicators. Coverage varies by suburb and some fields may be estimated or unavailable. See our data sources page for full details.

General information only. PropertyScoutAU provides suburb-level research data from government public sources. All figures are indicative medians and may not reflect current market conditions or individual property values. This is not financial, investment, legal or tax advice. Always verify independently and consult qualified professionals before making any property decision. About our data →