Frankston Property Growth
VIC · 3199 · Bayside / South-East Melbourne
A major regional centre on Port Phillip Bay in Melbourne's south-east, serving as the end of the Frankston train line and a hub for the broader Mornington Peninsula region.
Overview
Location: Frankston City
A major regional centre on Port Phillip Bay in Melbourne's south-east, serving as the end of the Frankston train line and a hub for the broader Mornington Peninsula region.
Market Snapshot
Median House Price
$830k
Median Unit Price
$575k
Avg Days on Market
16 days
Demographics
Estimated Population
36,105
Owner Occupier Rate
59.0%
Renter Rate
41.0%
Transport & Connectivity
Frankston is the southern terminus of the Frankston line and the starting point of the Stony Point line, serving as the Mornington Peninsula's main transport gateway.
Major Roads
- Nepean Highway
- Cranbourne Road
- McMahons Road
Train Lines
- Frankston Station (Frankston line terminus; Stony Point line begins here)
Frankston is approximately 41km from the Melbourne CBD, roughly a 35-55 minute drive outside peak hours. Verify current timetables and traffic conditions before relying on any commute estimate.
Education
Frankston has a significant tertiary education presence alongside government and independent schools.
Primary Schools
- Overport Primary School
- Frankston Heights Primary School
- St Augustine's School
Secondary Schools
- Frankston High School
Childcare
A range of long day care, kindergarten and outside school hours care providers operate across Frankston. Always verify availability and waitlists directly with providers.
Amenities & Lifestyle
Frankston Beach and foreshore are the suburb's defining feature, alongside the Frankston Arts Centre. Bayside Shopping Centre and the Frankston Power Centre (large-format retail) serve the wider Mornington Peninsula region.
Employment
Frankston functions as the Mornington Peninsula's regional centre for health, education and retail employment.
Major Employment Hubs
- Peninsula University Hospital (formerly Frankston Hospital)
- Monash University Peninsula campus
- Chisholm TAFE
Commercial Centres
- Bayside Shopping Centre
- Frankston Power Centre
- Frankston CBD (Davey Street)
Infrastructure
The Frankston Revitalisation Project (following a $63 million train station redevelopment in 2018) continues to fund streetscape, safety and town centre improvements. No further projects beyond those noted above are currently confirmed for Frankston. Check Infrastructure Australia's project pipeline, State Government announcements or City of Frankston's website for the latest updates.
Growth Drivers
- Regional transport gateway — Frankston Station is the southern terminus of the Frankston line and the starting point of the Stony Point line, making the suburb the Mornington Peninsula's main transport gateway.
- Frankston Revitalisation Project — Following a $63 million train station redevelopment in 2018, ongoing funding continues to improve streetscape, safety and town centre amenity.
- Regional health and education hub — Peninsula University Hospital, Monash University's Peninsula campus and Chisholm TAFE anchor significant local employment.
- Beachside lifestyle amenity — Frankston Beach, the foreshore and the Frankston Arts Centre reinforce the suburb's appeal as a regional centre with a coastal lifestyle.
Key Risks
- As the Mornington Peninsula's main regional centre, Frankston's town centre carries more transient foot traffic and retail activity than a purely residential suburb.
- The 35-55 minute drive or train journey to the CBD is longer than closer bayside suburbs, a consideration for CBD commuters.
- Like all property markets, Frankston is sensitive to broader interest-rate and lending-condition movements.
Frequently Asked Questions
Frankston's growth drivers include its role as the Mornington Peninsula's transport gateway, the ongoing Frankston Revitalisation Project, and a significant regional health and education employment base, but every investor's circumstances and goals differ. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.
Refer to the Market Snapshot section on this page for current median price data sourced from our live database.
Frankston has a significant tertiary presence via Monash University's Peninsula campus and Chisholm TAFE, alongside schools including Frankston High School and Overport Primary School.
Frankston Station is the terminus of the Frankston line and the starting point of the Stony Point line, approximately 41km from the Melbourne CBD, roughly a 35-55 minute drive outside peak hours. Verify current timetables and traffic conditions before relying on any commute estimate.
Frankston Beach and foreshore are the suburb's defining feature, alongside the Frankston Arts Centre, with Bayside Shopping Centre and the Frankston Power Centre (large-format retail) serving the wider Mornington Peninsula region.
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Calculate Future ValueSources
- ABSAustralian Bureau of Statistics — Census QuickStats— https://www.abs.gov.au/census
- Local CouncilCity of Frankston— https://www.frankston.vic.gov.au
- Department of Transport VictoriaDepartment of Transport and Planning Victoria— https://www.transport.vic.gov.au
- Victorian Planning AuthorityVictorian Planning Authority— https://vpa.vic.gov.au
- Infrastructure AustraliaProject Pipeline— https://www.infrastructureaustralia.gov.au
This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.