Frankston

Frankston is a diverse suburb with a total population of 37,331. The suburb has a mix of age groups, with a significant number of residents aged between 20 to 44 years. The median household income is relatively moderate. The most prevalent occupations are Professionals, Managers, and Technicians/Tradesworkers. Commuting primarily occurs by motor vehicle, with a notable portion working from home. Educationally, the ICSEA value for government schools is in the lower percentile. For house investors, Frankston demonstrates a balanced market with a moderate yield. The suburb has a high market absorption rate suggesting good demand and potential for capital growth. Homes have shown consistent growth rates over the years. Meanwhile, units offer a higher yield compared to houses, with a lower affordability index which may attract investors looking for higher rental returns. Frankston offers a mix of housing options suitable for both homeowners and investors. The suburb's strong demand indicates potential for long-term capital growth. With good transport links and a growing population, Frankston presents opportunities for property investors seeking steady returns or capital appreciation. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022