Frankston
Suburb profile, market snapshot and recent listings for Frankston, VIC 3199.
About Frankston
Welcome to Frankston
Frankston sits on the eastern shores of Port Phillip Bay, roughly 40 kilometres southeast of Melbourne's CBD, at the point where the suburban sprawl gives way to the Mornington Peninsula. It's long served as the regional hub for this stretch of the bay, with a busy foreshore, a substantial retail and civic centre, and a mix of housing that ranges from older weatherboard cottages to newer apartment developments near the water.
With a population of around 37,331 and a median age of 39, Frankston attracts a broad cross-section of buyers and renters — first-home buyers priced out of the inner south-east, downsizers drawn to the beachside lifestyle, and families after more space than they'd get closer to the city. Its neighbours, including Frankston South's leafier streets, Seaford and Langwarrin's family-friendly suburbia, and Skye further inland, all feed into Frankston's role as the area's commercial and transport anchor.
Lifestyle & dining
Frankston's foreshore is the suburb's biggest drawcard, with a long stretch of beach, a promenade popular with walkers and cyclists, and views across to the You Yangs on a clear day. The pier and nearby waterfront reserve get plenty of use year-round, whether it's swimmers in summer or dog walkers in the cooler months. Cafes and restaurants cluster along the beach end of town and through the central shopping strip, offering everything from casual fish and chips to more considered dining, with the bayside setting doing a lot of the work.
Away from the water, Frankston has a genuinely mixed social scene, including live music venues, a cinema, and the Frankston Arts Centre, which brings a steady program of theatre and performance to the area. It's a suburb that suits people who want beach access without the price tag of Frankston South or the peninsula proper.
Shopping
The Bayside Shopping Centre and the surrounding Young Street precinct form Frankston's retail core, offering a full range of major retailers, specialty stores and services — enough that most residents rarely need to leave the suburb for day-to-day shopping. This central strip has been the subject of ongoing revitalisation, with streetscape upgrades aimed at drawing more foot traffic and hospitality into the area. For bigger shopping trips or a wider selection, Karingal Hub sits nearby, giving locals a second option without heading further afield.
Getting around
Frankston railway station is the terminus of the Frankston line, giving direct train access into the Melbourne CBD, and it also connects with V/Line services heading further down the peninsula and Stony Point line trains. The Peninsula Link freeway, with its interchange close by, has made trips to the Mornington Peninsula and access to EastLink considerably faster than the old Nepean Highway route. Buses fan out from the station to Frankston North, Langwarrin, Skye and neighbouring suburbs, making the station the natural hub for getting around without a car.
Schools & families
Families in Frankston have a solid spread of local primary schools to choose from, including Frankston Primary School, Frankston East Primary School, Frankston Heights Primary School, Ballam Park Primary School and Karingal Heights Primary School, giving plenty of options close to home. The Frankston Special Developmental School also serves the area, reflecting a broader network of support services based in the suburb. Combined with parks, the foreshore and nearby Langwarrin and Skye's newer family estates, Frankston offers a practical base for households with kids at various stages.
The property market
Frankston's median house price currently sits at $830,000, having climbed 13.7% recently — a strong run that reflects growing demand for bayside living at a price point still well under Melbourne's inner and southeastern suburbs. Units and apartments, which make up 27% of current listings, have a median of $575,000, giving buyers a more accessible entry point into the area, while townhouses (5% of listings) and land (4%) round out a market still dominated by standalone houses at 64% of stock.
Median rent of $590 a week points to solid rental demand, likely supported by the suburb's transport links, retail centre and beach lifestyle. For buyers, Frankston tends to offer better value than Frankston South or Seaford, while still providing walkable access to the station, shops and water, which helps explain the recent growth.
Parks & recreation
Beyond the foreshore, Frankston has a good stock of local parks and reserves, with Ballam Park a notable green space offering sporting facilities and open parkland away from the beach crowds. The suburb's recreational scene leans heavily on the water — boating, fishing off the pier, and swimming are all part of daily life here — but there's enough inland green space to satisfy those after a more traditional park or sporting oval too.
Market snapshot
Frankston property market
Median sale price
$830k
House · 3 bed
Median rent
$590
per week
Gross rental yield
3.7%
annual rent ÷ sale price
Typical price range
Entry
$666k
Median
$830k
Premium
$1.05m
Days on market
16
Auction clearance
66%
Sold this year
446
Median sold price trend · House 3 bed
Compound growth +2.6% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Frankston by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Frankston, VIC 3199.
Population
37,331
residents (2021)
Median age
39
years
Household income
$1,387
median, per week
Median rent
$342
per week
Median mortgage
$1,733
per month
Mortgage / income
29%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Frankston
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Frankston
$890k
6 Carol Court
Sold ~July 2026
$840k
7 Witternberg Avenue
Sold ~July 2026
$490k
1/29 Burns Street
Sold ~July 2026
$485k
1/51-53 Screen Street
Sold ~July 2026
$770k
1&2/50 Orwil Street
Sold ~July 2026
$795k
78 Frankston - Flinders Road
Sold ~July 2026
$660k
2/20 Foot Street
Sold ~July 2026
$1.09m
33 Nursery Avenue
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Frankston
Compare the area
Price map around Frankston
Every listing for sale near Frankston, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Frankston suburb FAQ
What is the median property price in Frankston?
The median house price in Frankston, VIC is $830k for a 3-bedroom home. Over the past year, median sold prices have risen about 13.7%.
How much is rent in Frankston?
The median weekly rent in Frankston is around $590 per week.
Is Frankston a good place to live?
Frankston is a suburb in Melbourne, Victoria, Australia. Frankston is an established residential suburb in VIC, with a population of around 37,331 and 10 schools in the area.
What is the population of Frankston?
Frankston has a population of 37,331 (ABS 2021 Census), with a median age of 39.
What schools are in Frankston?
There are 10 schools in or near Frankston, including Frankston Special Developmental School, Ballam Park Primary School and Frankston East Primary School.
How long do homes take to sell in Frankston?
Properties in Frankston take around 16 days to sell on average, with an auction clearance rate of about 66%.
How much do you need to buy in Frankston?
Entry-level properties in Frankston start around $666k, while premium homes reach $1.05m.
What suburbs are near Frankston?
Suburbs near Frankston include Frankston North, Seaford, Langwarrin, Frankston South and Skye.
Fresh to market
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