Frankston South
VICFrankston South is a stable suburb in VIC with 18,801 residents.
- SAL code
- 20949
- SA2
- 214011373
- Population
- 18,801
Frankston South, VIC had 18,801 residents at the 2021 Census, with the broader statistical area showing a 1.0% growth over the last five years. The predominant age group is 45-54 years, and the median age sits at 44. Households are most often couples with children, and those with a mortgage repay a median of $2,167 a month. Around 78.3% of homes are owner-occupied, with the largest single tenure being owned with a mortgage at 41.9%. Most dwellings are separate houses, making up 86.4% of the suburb's housing stock. The suburb has 39 parks and reserves mapped within its boundary. Source: ABS Census 2021 and Estimated Resident Population, with amenity counts from state Open Data and OpenStreetMap.
Suburb analysis
Frankston South, VIC at a glance
Frankston South sits ~43 km south-east of Melbourne CBD in the City of Frankston, on the elevated bayside ridge between Frankston station and the Mornington Peninsula. Larger lots, mature trees, the Frankston High School catchment, and a short hop to the beach define the character. The data tiles below cover the demographic baseline; this card adds the live market + lifestyle context.
For homebuyers
Frankston South is the bayside-and-bush half of the postcode, with bigger blocks, established gardens, and panoramic views off Olivers Hill. Most homes are detached houses, mixed in age from 1960s brick to recent rebuilds; townhouses are appearing on the flatter pockets near Frankston proper. The Frankston High School zone is the headline draw and a primary reason families pay the premium over the rest of 3199, with Derinya Primary, Overport Primary and Frankston High catchment overlap. Frankston Beach and the Olivers Hill lookout are a 5-10 minute drive; Bayside Shopping Centre and Frankston station (Frankston line to the CBD) are ~3-5 km north, and the Mornington Peninsula's wineries and Mt Eliza cafes start one suburb south. In short: a leafy, school-zoned bayside suburb that trades a longer commute for big lots, beach access and one of Victoria's strongest public-school catchments.
For investors
Frankston South is a capital-growth and owner-occupier market more than a yield play. Median house $1,200,000 against $695/week rent gives a ~2.96% gross yield; units sit around $822,500 with $560/week rent (~3.89% gross) per Your Investment Property (May 2026). 12-month house growth +3.90%; units +12.67%. 319 house + 72 unit sales in 12 months and ~26 days on market for houses (htag, 2026); vacancy ~1.06%.
Strengths
- Frankston High School catchment supports tenant quality and stable family-owner-occupier demand.
- Deep liquidity for a premium suburb — 319 house sales in 12 months and ~26 days on market (htag 2026).
- Tight vacancy at ~1.06% (htag 2026) keeps leasing risk low despite the lower yield.
- Unit segment is doing the heavy lifting on growth (+12.67% YoY, YIP May 2026), opening a townhouse / lower-entry play.
Trade-offs
- Gross house yield ~2.96% (YIP May 2026) is below the typical 3% cashflow threshold — holding costs bite harder than in outer-Melbourne yield suburbs.
- 12-month house growth +3.90% (YIP May 2026) is modest relative to the entry price.
- ~43 km from Melbourne CBD with no station inside the suburb — commute via Frankston station or the EastLink/Peninsula Link freeways.
What's coming
Frankston City Council adopted a $72.9m Capital Works program for 2025/26 across roads, sport, early years and arts. Headline items adjacent to Frankston South include the Nepean Boulevard Precinct Revitalisation (early lighting works ~$698K) and the $2.13m Frankston Arts Trail co-funded with the Commonwealth — both lift the broader Frankston foreshore + civic offer that Frankston South residents draw on.
Bottom line
For homebuyers: a leafy bayside family suburb with a marquee school zone and beach on the doorstep. For investors: a long-hold capital-growth and unit-rebuild play, not a high-yield one.
Population
?18,801
Suburb · Census 2021
5-Year Growth
+1.0%
3yr: +2.0% · 10yr: +3.1%
SA2 · 5yr
Household Income
$2,038/wk
Suburb · Census 2021 median
Median Age
44
Suburb · Census 2021
Socio-Economic Index
?9/10
SA2 · least disadvantaged
Unemployment
?2.2%
SA2 · Q4 2025
Schools
3
2 primary, 1 secondary
Hospitals
No data for this suburb
Childcare services
?11
8 long day, 2 OSHC
Parks & green space
?39
Parks, reserves
Transport stops
?82
GTFS stops
Dwelling approvals
No data for this suburb
Median House Sale Price
Source: Valuer-General Victoria (suburb-level quarterly medians).
→ Calculate stamp duty on this suburb's median price→ Estimate mortgage repayments
Safety & Crime
2025 Q4Reported incidents from VIC police. Offence rates may not reflect all crime.
Population over time — Frankston South (SA2)
ABS publishes annual estimates only at SA2; Frankston South suburb alone is ~18,801 (Census 2021).
Source: ABS ERP (latest release · 2025) · Census 2021. Numbers refreshed quarterly.
Growth at a Glance
Population grew from 17,131 to 19,374 over 24 years, averaging 0.5% per year.
Schools
4 in suburbSector
3 public · 1 private
Type
2 primary · 2 secondary
Total enrolment
3,607
Avg per school
902
Government school catchment
Catchment data is not yet available for VIC.
Source when available: Victorian Department of Education / Vicmap School Zones.
Profile
Census snapshot
Housing
Public housing 0.7%Almost entirely detached houses (86.4%), owner-occupied (78.3%), built for families (41% are 3 bed).
Dwelling mix
Tenure
VIC 29%
Number of bedrooms
Bushfire risk
Source: VIC DTP Designated Bushfire Prone Area
As of Apr 2026
Overlap is the percentage of the suburb's land area inside the mapped bushfire polygons. Always verify the exact property address with the relevant authority before making decisions.
Flood risk
This suburb falls outside every flood polygon mapped by the relevant authority. Always confirm at the property address — local conditions and unmapped overlays can still apply.
Overlap is the percentage of the suburb's land area inside the mapped flood polygons. Always verify the exact property address with the relevant authority before making decisions. Source when available: Vicmap Planning — Bushfire Prone Area + Vicmap flood overlays.
Planning zones
10 zones in suburb| Code | Zone | % covered | Area |
|---|---|---|---|
| R1Z | Residential 1 ZoneResidential | 71.6% | 10.42 km² |
| PCRZ | Public Conservation and Resource ZoneEnvironmental | 8.9% | 1.29 km² |
| PPRZ | Public Park and Recreation ZoneRecreation | 7.3% | 1.07 km² |
| RCZ3 | Rural Conservation Zone Schedule 3Rural | 4.9% | 0.71 km² |
| TRZ2 | TRZ2Special use | 2.9% | 0.42 km² |
| TRZ3 | TRZ3Special use | 1.8% | 0.27 km² |
| PUZ2 | Public Use Zone Schedule 2Special use | 1.2% | 0.17 km² |
| PUZ1 | Public Use Zone Schedule 1Special use | 1.1% | 0.15 km² |
| SUZ3 | Special Use Zone Schedule 3Special use | 0.1% | 0.02 km² |
| PUZ6 | Public Use Zone Schedule 6Special use | 0.1% | 0.02 km² |
Source: VIC DTP Vicmap Planning Zones (ZONE_VIC/2026-04-29/08783d2926383881) · As of Apr 2026. Zone boundaries are amended periodically; verify the exact property with the relevant council before relying on permitted use.