Fast 50 Report 2026 Banner

Frankston South

POSTAL CODE: VIC, 3199
HOUSE
UNIT

Property investors enjoyed capital gains of 3.9% over the last 12 months in FRANKSTON SOUTH, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in FRANKSTON SOUTH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 2.35% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $697.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $697.5 mark, reflecting a 3.02% increase in returns based on the current median price in FRANKSTON SOUTH.

FRANKSTON SOUTH, 3199 ranks 339th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 434th on the list of best yielding suburbs for rental properties in VIC, posting a 3.02% return.

Surburb overview

Frankston South is a suburb in Melbourne, located about 43 kilometres south-east of the central business district within the City of Frankston. It lies inland from the Port Phillip coastline and is known for its relatively low-density residential character, larger land holdings and proximity to natural reserves.

The suburb has a population of around 19,000 residents, with a demographic profile that includes families, established households and professionals. Housing is predominantly detached, with many properties set on larger blocks, and there is limited medium-density development compared to neighbouring suburbs.

Public transport options in Frankston South are more limited within the suburb itself, with most residents relying on the nearby Frankston railway station for rail access to Melbourne’s CBD via the Frankston line.

Bus services operate through parts of the suburb, connecting to Frankston’s activity centre and surrounding areas. Road access is supported by major routes such as Nepean Highway and Moorooduc Highway, facilitating travel across the Mornington Peninsula and towards central Melbourne. 

Local retail is generally small-scale, with larger shopping, healthcare and commercial services located in nearby Frankston.

Frankston South is notable for its access to natural and recreational assets, including the Frankston Nature Conservation Reserve, which offers bushwalking tracks and habitat for native wildlife.

The suburb is also close to coastal areas such as Frankston Beach and Canadian Bay, offering opportunities for swimming and passive recreation. Golf courses, parks and community facilities contribute to local amenity.

The area was developed primarily through post-war suburban expansion, with planning controls that focused on preserving vegetation, managing bushfire risk, and retaining its low-density character.

You’re out of free articles for this month
Loading form...