Property Growth Aus

Frankston South Property Growth

VIC · 3199 · Mornington Peninsula

A leafier, more elevated suburb than its neighbour Frankston, known for larger blocks and proximity to the bay.

ProfileLast updated: June 2026

Overview

Location: City of Frankston

A leafier, more elevated suburb than its neighbour Frankston, known for larger blocks and proximity to the bay.

Market Snapshot

Median House Price

$1.35m

Median Unit Price

$864k

Avg Days on Market

35 days

Demographics

Estimated Population

18,199

Owner Occupier Rate

83.0%

Renter Rate

17.0%

Transport & Connectivity

Frankston South has no train station; Frankston station (Frankston line) is immediately north, and Peninsula Link provides freeway access.

Major Roads

  • Nepean Highway (along the Olivers Hill coastal stretch)
  • Frankston-Flinders Road
  • Golf Links Road
  • Towerhill Road

Frankston South is approximately 43km south-east of the Melbourne CBD, within the City of Frankston. Verify current timetables and traffic conditions before relying on any commute estimate.

Education

School zoning is the defining driver of Frankston South's property market.

Primary Schools

  • Derinya Primary School; Woodleigh School's junior campus (independent) is also in the suburb

Secondary Schools

  • Mount Erin Secondary College (Robinsons Road). The suburb sits within the catchment of Frankston High School on the Frankston/Frankston South border — REIV research has identified it as one of the most heavily marketed school zones in Victoria
  • second only to Balwyn High.

Childcare

A range of long day care, kindergarten and outside school hours care providers operate across Frankston South. Always verify availability and waitlists directly with providers.

Amenities & Lifestyle

Olivers Hill, straddling the Frankston/Frankston South boundary, overlooks Port Phillip and is regarded as having some of the best residential views in Melbourne. The suburb is characterised by leafy, larger blocks running towards the Mornington Peninsula, with Frankston's beaches, shopping and hospital precinct minutes away.

Employment

Frankston South is predominantly residential, with employment concentrated in the adjacent Frankston activity centre (retail, health and education).

Commercial Centres

  • Local convenience shops; the Frankston CBD is the primary centre

Infrastructure

No major infrastructure projects are currently confirmed for Frankston South. Check Infrastructure Australia's project pipeline, State Government announcements or City of Frankston's website for the latest updates on works that may affect the area.

Growth Drivers

  • Frankston High School zoning — the suburb sits within the catchment of Frankston High School, identified by REIV research as one of the most heavily marketed school zones in Victoria, second only to Balwyn High.
  • Premium coastal views — Olivers Hill, straddling the Frankston/Frankston South boundary, overlooks Port Phillip and is regarded as having some of the best residential views in Melbourne.
  • Leafy, larger-block character — the suburb's low-density streetscape running towards the Mornington Peninsula supports long-term capital value.
  • Proximity to Frankston's amenities — Frankston's beaches, shopping and hospital precinct are minutes away, adding convenience to the lifestyle setting.

Key Risks

  • No train station of its own — Frankston South relies on Frankston station immediately to the north.
  • Interest rate and lending sensitivity — like all property markets, local prices and buyer activity can be affected by changes in interest rates and lending conditions.
  • School-zone price premium — the Frankston High School catchment effect can push prices higher than comparable non-zoned areas, concentrating demand risk if zoning were to change.

Frequently Asked Questions

Frankston South offers a highly sought-after school zone, premium coastal views and a leafy, low-density character, 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.

Derinya Primary School and Woodleigh School's junior campus serve the suburb, alongside Mount Erin Secondary College; the suburb also sits within the Frankston High School catchment.

Frankston South has no train station; Frankston station is immediately north, with Peninsula Link providing freeway access. Verify current timetables and travel times before relying on any commute estimate.

Olivers Hill offers some of the best residential views in Melbourne, with Frankston's beaches, shopping and hospital precinct minutes away.

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Sources

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.