Frankston South is an established suburb in Victoria within the Frankston local government area (postcode 3199). With a population of 18,801, the suburb has an established family demographic with a median age of 44. Households earn a median income of $106K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Frankston South stand at $1.0 million, having declined steeply by 9.1% over the last twelve months. Units have a median price of $706,000 (-4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,167.
Frankston South is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 65 bus stops. The crime rate in the Frankston LGA is higher than average at 11,751 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.8% (low yield). Property prices are near the state median ($1.0M/$850K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -9.1% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.