Frankston North

Frankston North, VIC 3200 is a vibrant suburb with a total population of 5711. The demographic profile shows a good mix of age groups, with a notable proportion of residents aged between 20-24 years. The median household income is $1,128 per week. The top three occupations in the suburb are Technicians and Tradeworkers, Community and Personal Service Workers, and Labourers. The commuting pattern indicates a high reliance on motor vehicles, with a significant number of residents also working from home (WFH). The suburb offers a mix of commuting options, including train and bus services. For House investors, Frankston North presents opportunities with a moderate sale price range, decent rental yield, and a balanced stock on market rate. With a lower vacancy rate and a market absorption rate indicating demand, it may be a good suburb for long-term investment. The suburb also shows potential for renovation projects given the sale price IQR ratio. For Unit investors, the market absorption rate is high, indicating strong demand. The suburb has shown steady growth in sale prices over the years, making it an attractive option for investors seeking capital appreciation. Frankston North, VIC 3200 is a diverse suburb with strong investment potential for both House and Unit investors. The area offers a mix of amenities, good transport links, and a range of demographics, making it an appealing choice for homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022