Frankston (VIC 3199): property prices & suburb profile

Frankston LGA · Latest published data October 2025 · Page updated August 2026 · Public government records

Frankston · VIC 3199 · typical house price · 12 months to 2025-Q4
$825,000+98.9%
vs 10 years ago (rolling year)
Sales-weighted average of the 4 quarterly medians to 2025-Q4 (660 sales) published by the Victorian Valuer-General. A single quarter in one suburb can turn on a handful of sales, so this page reports a rolling year.
Typical house price
$825,000
660 sales over 4 quarters
Typical unit price
$575,000
12 months to 2025-Q4, 500 sales
Sales in the last year
1,160
houses + units
SEIFA advantage decile
4 of 10
Frankston
Schools in the suburb
15
ACARA registered

Frankston property prices

The typical Frankston house sold for around $825,000 in the year to 2025-Q4, +98.9% over 10 years and +27.4% over 5 years.

1Y
3Y
5Y
10Y
Houses
+9.4%
-1.3%
+27.4%
+98.9%
Units
+8.9%
-2.3%
+26.4%
+74.2%

Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back

Houses (yearly + recent quarters)
Units (yearly + recent quarters)
316k468k620k772k924k20162018202020222024quarterly from here
View as table
PeriodHouses (yearly + recent quarters)Units (yearly + recent quarters)
2013$350,000$285,000
2014$372,000$300,000
2015$426,000$320,000
2016$474,000$333,000
2017$600,000$395,000
2018$605,000$440,000
2019$581,000$413,500
2020$621,500$440,000
2021$750,000$535,000
2022$764,500$550,000
2023$736,000$505,000
2024$740,000$522,500
Apr 2024$750,000$537,500
July 2024$717,500$537,500
Oct 2024$760,000$517,500
2025$750,000$560,000
Apr 2025$810,000$557,500
July 2025$850,000$565,600
Oct 2025$880,000$617,500
  • Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
  • The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
  • The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
  • Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
  • Periods with fewer than 5 recorded sales are excluded.

Frankston medians by quarter

The most recent quarter on record for Frankston is 2025-Q4.

Frankston medians by quarter
QuarterTypeMedianSales
2025-Q4Unit$618k120
2025-Q4House$880k161
2025-Q3Unit$566k144
2025-Q3House$850k182
2025-Q2Unit$558k126
2025-Q2House$810k171
2025-Q1Unit$560k110
2025-Q1House$750k146
2024-Q4Unit$518k112
2024-Q4House$760k143
2024-Q3Unit$538k129
2024-Q3House$718k
  • Sale counts are shown so you can judge how solid each median is.

Who lives in Frankston

Frankston has a median age of 39 and a median household income of $1,387 a week.

Population (Frankston)
37,331
Median age (Frankston)
39 years
Median household income (Frankston)
$1,387/wk
People per square kilometre
1,887
Average taxable income (postcode, 2023)
$71,673
SEIFA advantage decile (Frankston)
4 of 10
Addresses in the suburb (G-NAF)
25,425
Rooftop solar installs, 12 months (postcode)
299
How Frankston homes are held
Owned outright
25.7% · 3,901
Owned with a mortgage
32.6% · 4,957
Rented
39.1% · 5,945
Frankston homes by bedroom count
1 bedroom or studio
5.1% · 762
2 bedrooms
23.4% · 3,503
3 bedrooms
50.0% · 7,480
4 bedrooms
18.4% · 2,754
5 or more
3.1% · 466
ABS SEIFA 2021 deciles · 10 of 10 = most advantaged nationally
Advantage and disadvantage (IRSAD)
from income, education, occupation and housing
4 of 10
Relative disadvantage (IRSD)
from low income, low education and unskilled occupations
3 of 10
Economic resources (IER)
from household income, wealth and housing costs
2 of 10
Education and occupation (IEO)
from qualifications and skilled work
6 of 10
  • Figures labelled Frankston are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Frankston" and postcode 3199 both extend beyond Frankston.
  • SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.

Schools in Frankston

The 12 schools in Frankston sit at the 56th percentile nationally on ACARA's socio-educational index.

Schools located in Frankston
SchoolSectorTypeICSEA
Ballam Park Primary SchoolGovernmentPrimary963
David Scott SchoolIndependentSpecial987
Frankston East Primary SchoolGovernmentPrimary943
Frankston Heights Primary SchoolGovernmentPrimary1,043
Frankston High SchoolGovernmentSecondary1,067
Frankston Primary SchoolGovernmentPrimary1,015
Frankston Special Developmental SchoolGovernmentSpecial969
John Paul CollegeCatholicSecondary1,055
Karingal Heights Primary SchoolGovernmentPrimary950
Karingal Primary SchoolGovernmentPrimary985
Kingsley Park Primary SchoolGovernmentPrimary1,027
McClelland Secondary CollegeGovernmentSecondary981
Naranga SchoolGovernmentSpecial945
Overport Primary SchoolGovernmentPrimary1,058
St Francis Xavier SchoolCatholicPrimary1,042
Median school percentile nationally · ICSEA score
Frankston · 12 schools
56th · 1021
Frankston LGA
54th · 1016
Melbourne South East
66th · 1043
VIC
60th · 1030
Australia
51st · 1008
  • ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
  • Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
  • Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.

Suburbs near Frankston

Frankston's typical house price of $825,000 is the 2nd highest of the 5 Melbourne South East suburbs we cover.

All Melbourne South East suburb research

Frankston: common questions

How much does a house cost in Frankston?
About $825,000 across the 12 months to 2025-Q4, from 660 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
Have Frankston prices gone up?
Prices have risen 98.9% over 10 years and moved +27.4% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
What do units cost in Frankston?
The typical unit price was around $575,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 500 sales.
Can I see Frankston prices street by street?
Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
Which schools are in Frankston?
Frankston has 15 ACARA-registered schools, including Ballam Park Primary School, David Scott School, Frankston East Primary School, Frankston Heights Primary School, Frankston High School, Frankston Primary School.

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Data sources

This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.