Frankston South Property Market Overview (2026)
Frankston South sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on Frankston South’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Frankston South
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Frankston South stacks up:
| Amenity Factor | Frankston South | Impact on Value |
|---|---|---|
| Schools | 11 | Strong — school zones drive family demand |
| Parks | 31 | High — green space is a premium driver |
| Dining & Cafes | 7 | Developing |
| Medical | 6 | Strong — healthcare proximity matters |
| Supermarkets | 0 | None — drives value down |
| Gyms & Fitness | 7 | Active lifestyle suburb |
Total amenity score: 76. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Frankston South has 11 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Frankston High school | 97 Foot Street |
| Overport Primary School | 56A Towerhill Road |
| Mount Eliza North Primary School | 6 Moseley Drive |
| Kingsley Park Primary School | 70-86 Franciscan Avenue |
| St Augustine’s Primary School | 88-98 Golf Links Road |
| Mount Erin Secondary College | 43 Robinsons Road |
| Frankston Heights Primary School | 10 Kalmia Street |
| Derinya Primary School | 119 Overport Road |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Frankston South
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Frankston South are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Frankston South Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Frankston South
- Best Cafes in Frankston South
- Best Bars in Frankston South
- Cost of Living in Frankston South
- Frankston South Neighbourhood Guide
- Family Guide to Frankston South
- Is Frankston South Safe?
- Frankston South Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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