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Sales Activity
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Population
An assessment of population growth drivers in Frankston South reveals an overall ranking slightly below national averages considering recent, and medium term trends
Frankston South's population was estimated at 19,204 as of November 2025, based on AreaSearch analysis of ABS population updates and new addresses validated by them. This figure reflects a growth of 403 people (2.1%) since the 2021 Census, which reported a population of 18,801. The change is inferred from an estimated resident population of 19,214 by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 113 validated new addresses since the Census date. This results in a density ratio of 1,319 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Frankston South's growth rate of 2.1% since census positions it within 1.0 percentage points of the SA4 region (3.1%), demonstrating competitive growth fundamentals. Overseas migration was primarily responsible for population gains in recent periods.
For future projections, AreaSearch is adopting ABS/Geoscience Australia projections released in 2024 with a base year of 2022 for each SA2 area. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. By 2041, the suburb is expected to grow by 2,011 persons based on aggregated SA2-level projections, reflecting a gain of 10.5% in total over the 17-year period.
Frequently Asked Questions - Population
Development
Residential development activity is lower than average in Frankston South according to AreaSearch's national comparison of local real estate markets
Frankston South averaged approximately 43 new dwelling approvals annually over the past five financial years, totalling an estimated 217 homes. As of FY-26, 11 approvals have been recorded. Despite a decrease in population during this period, housing supply has remained adequate relative to demand, indicating a balanced market with good buyer choice. The average construction cost value for new properties is $678,000, suggesting developers target the premium market segment.
In FY-26, commercial approvals reached $11.6 million, reflecting moderate levels of commercial development. Comparatively, Frankston South has around three-quarters the rate of new dwelling approvals per person when measured against Greater Melbourne. Nationally, it ranks in the 46th percentile of areas assessed, implying relatively constrained buyer choice and supporting interest in existing dwellings. Recent periods have seen increased development activity, though this remains below the national average, suggesting the area's established nature and potential planning limitations. New building activity comprises approximately 67.0% detached houses and 33.0% attached dwellings, expanding medium-density options to cater to various price brackets.
This marks a significant shift from the current housing mix of 86.0% houses, likely due to reduced availability of development sites and changing lifestyle demands. Frankston South has an estimated population density of approximately 362 people per dwelling approval, reflecting its established nature. According to AreaSearch's latest quarterly estimate, the area is projected to grow by 2,021 residents by 2041. If current development rates persist, housing supply may not keep pace with population growth, potentially intensifying competition among buyers and supporting stronger price growth.
Frequently Asked Questions - Development
Infrastructure
Frankston South has very high levels of nearby infrastructure activity, ranking in the top 20% nationally
Changes to local infrastructure significantly influence an area's performance. AreaSearch identified ten projects likely impacting the area. Key projects include 59 Culcairn Drive Townhouse Development - Frankston South, Peninsula Link Freeway, Towerhill Road Schools Precinct Shared Path, and Frankston Hospital Redevelopment. The following list details those most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Peninsula Link Freeway
27-kilometre toll-free freeway connecting EastLink at Carrum Downs to Mornington Peninsula Freeway at Mount Martha. Features innovative noise walls, public art installations, and saves up to 40 minutes travel time.
Frankston Hospital Redevelopment
The $1.1 billion Frankston Hospital redevelopment is the largest health infrastructure investment in Melbourne's south-east. The project features a new 12-storey clinical services tower, 130 additional beds, 15 new operating theatres, and a rooftop helipad. It includes expanded mental health and oncology services, a new main entrance, a multi-deck car park, and dedicated women's and children's services. Delivered as a PPP by the Exemplar Health consortium, the facility will have the capacity to treat approximately 35,000 more patients annually. Main works are nearing completion, with the hospital expected to be operational in early 2026.
Frankston Metropolitan Activity Centre Structure Plan
20-year strategic framework approved via Amendment C160fran on 11 April 2025 to guide growth and renewal of Frankston Metropolitan Activity Centre. Supports up to 7,500 new dwellings and 20,000 additional residents by 2041, 175,000 sqm of new employment floorspace, 50,000 sqm retail/hospitality, building heights of 3-16 storeys in core areas, major public realm upgrades across six precincts (City Centre, Transport Interchange, Arts & Entertainment, Promenade, Nepean Boulevard, Cranbourne Road), with strong emphasis on housing diversity and affordable housing delivery.
Frankston to Baxter Rail Upgrade
Proposed upgrade and duplication of the Frankston to Baxter railway line to improve services to the Mornington Peninsula. The project would enable more frequent train services and better connectivity for Peninsula residents. It includes electrification, new stations at Frankston East, Langwarrin, and Baxter. Cancelled in 2023 by the federal government due to underfunding, it has been proposed for revival by the opposition ahead of the 2025 federal election.
Bayside Mixed-Use Precinct Development
Major ongoing transformation of Bayside Shopping Centre into a contemporary mixed-use precinct by Vicinity Centres. Includes retail reconfiguration with elevated precincts, enhanced dining/entertainment offerings, activated laneways, completed Level 2 office suites (2023), and a planned 8-storey A-Grade office tower at 12 Balmoral Walk (14,000 sqm PCA A-Grade office space with ground-floor retail, designed by Lyons Architecture, targeting 5-Star Green Star). The office tower remains subject to securing an anchor tenant pre-commitment and has not commenced construction as of late 2025.
Housing for the Peninsula (Amendment C219morn)
Strategic planning amendment to facilitate diverse housing options across the Mornington Peninsula. Includes rezoning, infill development opportunities and affordable housing initiatives to meet growing population needs.
Frankston Station Precinct Redevelopment
A $63 million redevelopment that transformed the Frankston Station Precinct into a safe, modern, and thriving place with a brand new station, improved accessibility, new platforms, waiting rooms, landscaping, and upgraded pedestrian facilities.
Karingal Hub Shopping Centre Redevelopment
A $160 million redevelopment that has transformed the sub-regional shopping centre into a leading shopping and lifestyle destination featuring a market-style fresh food precinct with 28+ specialty retailers, a fashion and lifestyle precinct with 40+ stores, and the new Town Square entertainment and dining precinct with Village Cinemas, restaurants, community spaces and outdoor playground. The project increased the centre by 12,000 sqm to over 53,000 sqm total, added 2,100 additional free parking spaces (2,750 total with 40% undercover), and achieved a 4-star Green Star environmental rating.
Employment
Employment conditions in Frankston South demonstrate exceptional strength compared to most Australian markets
Frankston South has a highly educated workforce with prominent representation in essential services sectors. Its unemployment rate was 2.2% as of June 2025, lower than Greater Melbourne's 4.6%.
The area experienced an estimated employment growth of 3.7% over the past year. As of June 2025, 10,010 residents were employed with a workforce participation rate similar to Greater Melbourne's 64.1%. Leading industries include health care & social assistance, construction, and education & training. Construction stands out with employment levels at 1.4 times the regional average.
However, transport, postal & warehousing has limited presence at 2.8% compared to the regional average of 5.2%. Over a 12-month period ending June 2025, employment in Frankston South increased by 3.7%, while the labour force grew by 4.6%, leading to an unemployment rate rise of 0.9 percentage points. In contrast, Greater Melbourne saw employment grow by 3.5%, labour force by 4.0%, and unemployment rose by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project a 6.6% increase over five years and 13.7% over ten years in Frankston South, applying industry-specific projections to the local employment mix for illustrative purposes.
Frequently Asked Questions - Employment
Income
The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis
AreaSearch's latest postcode level ATO data for financial year 2022 shows Frankston South had a median income among taxpayers of $55,710 and an average of $68,441. This is higher than the national average. Greater Melbourne had a median income of $54,892 and an average of $73,761 during this period. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for Frankston South would be approximately $62,484 (median) and $76,763 (average) as of September 2025. Census 2021 income data indicates that incomes in Frankston South cluster around the 64th percentile nationally. Income distribution shows that 28.5% of residents fall within the $1,500 - $2,999 range, which is similar to the broader area at 32.8%. Economic strength is evident with 31.8% of households earning over $3,000 weekly. Housing expenses account for 14.4% of income, and residents rank high in disposable income at the 71st percentile nationally. The area's SEIFA income ranking places it in the 7th decile.
Frequently Asked Questions - Income
Housing
Frankston South is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
Frankston South's dwellings, as per the latest Census, were 86.0% houses and 14.1% other types (semi-detached, apartments, 'other' dwellings). Melbourne metro had 79.8% houses and 20.2% other dwellings. Home ownership in Frankston South was 38.7%, with mortgaged dwellings at 44.5% and rented ones at 16.9%. The median monthly mortgage repayment was $2,167, higher than Melbourne metro's $1,800. Median weekly rent was $420, compared to Melbourne metro's $356. Nationally, Frankston South's mortgage repayments were significantly higher at $2,167 versus Australia's average of $1,863. Rents were substantially above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Frankston South has a typical household mix, with a higher-than-average median household size
Family households account for 75.5% of all households, including 37.0% couples with children, 27.4% couples without children, and 10.6% single parent families. Non-family households make up the remaining 24.5%, with lone person households at 22.9% and group households comprising 1.6%. The median household size is 2.6 people, which is larger than the Greater Melbourne average of 2.5.
Frequently Asked Questions - Households
Local Schools & Education
The educational profile of Frankston South exceeds national averages, with above-average qualification levels and academic performance metrics
Frankston South's educational profile is notable regionally with university qualification rates at 30.3% of residents aged 15+, exceeding the SA3 area average of 21.6% and the SA4 regional average of 23.5%. Bachelor degrees are most prevalent at 20.7%, followed by postgraduate qualifications (5.6%) and graduate diplomas (4.0%). Vocational credentials are also prominent, with 34.6% of residents aged 15+ holding such qualifications – advanced diplomas at 13.6% and certificates at 21.0%.
Educational participation is high, with 29.4% of residents currently enrolled in formal education. This includes 10.5% in primary education, 9.0% in secondary education, and 4.2% pursuing tertiary education. Frankston South has five schools with a combined enrollment of 1,764 students, demonstrating typical Australian school conditions (ICSEA: 1046) and balanced educational opportunities. The educational mix includes two primary, two secondary, and one K-12 school. School places per 100 residents (9.2) fall below the regional average (14.8), with some students likely attending schools in adjacent areas. Note: where schools show 'n/a' for enrolments, please refer to the parent campus.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Frankston South has 65 active public transport stops, all of which are bus stops. These stops are served by 11 different routes that collectively facilitate 2,165 weekly passenger trips. The accessibility of these services is rated as good, with residents typically located 268 meters from the nearest stop.
On average, there are 309 trips per day across all routes, which equates to approximately 33 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Frankston South is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts
Frankston South faces significant health challenges, with common health conditions prevalent across both younger and older age cohorts. The rate of private health cover is approximately 54%, covering about 10,349 people, compared to Greater Melbourne's 51.2%.
The most common medical conditions are arthritis and mental health issues, affecting 8.7% and 7.9% of residents respectively. About 67.4% of residents declared they were completely clear of medical ailments, compared to 65.0% in Greater Melbourne. In Frankston South, 22.4% of residents are aged 65 and over (4,301 people), higher than the 17.9% in Greater Melbourne. Health outcomes among seniors present some challenges, broadly aligning with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
In terms of cultural diversity, Frankston South records figures broadly comparable to the national average, as found in AreaSearch's assessment of a number of language and cultural background related metrics
Frankston South's cultural diversity aligns with the broader region, with 77.7% born in Australia, 90.2% being citizens, and 90.7% speaking English only at home. Christianity is the predominant religion, at 42.8%. Judaism is overrepresented at 0.2%, compared to Greater Melbourne's 0.3%.
Top ancestry groups are English (31.5%), Australian (25.7%), and Irish (8.9%). Hungarian (0.4%) and Dutch (1.9%) are notably overrepresented, while Russian shows a slight divergence at 0.4% compared to the regional average of 0.5%.
Frequently Asked Questions - Diversity
Age
Frankston South hosts an older demographic, ranking in the top quartile nationwide
Frankston South's median age is 44, which exceeds Greater Melbourne's figure of 37 and the national norm of 38. The 75-84 age group makes up 8.0% of Frankston South's population, compared to Greater Melbourne's percentage. However, the 25-34 cohort is less prevalent at 6.6%. According to the 2021 Census, the 15 to 24 age group has increased from 10.9% to 12.2%, while the 25 to 34 cohort has decreased from 8.3% to 6.6%. By 2041, demographic modeling indicates Frankston South's age profile will significantly change. The 75 to 84 group is projected to grow by 42%, reaching 2,185 people from the current 1,536. This growth will be led by those aged 65 and above, comprising 63% of the projected population increase. Meanwhile, the 25 to 34 and 5 to 14 age groups are expected to experience population declines.