All About Frankston North, Frankston, VIC, 3200

Frankston North, a suburb in the Melbourne metropolitan area located in Frankston, Victoria, has seen considerable interest in its housing market over recent years. Known for its affordability compared to the broader Melbourne market, Frankston North offers a diverse range of properties, from family homes to more affordable units, catering to a wide array of buyers. This affordability makes it particularly attractive to first-time homebuyers and investors looking for potential growth areas. The suburb has witnessed steady demand, partly due to its proximity to beautiful beaches along Port Phillip Bay, as well as its accessibility to Melbourne's CBD and other key areas via the Peninsula Link and EastLink freeways. However, like much of Melbourne, Frankston North is not immune to the broader trend of tightening supply and increasing demand, which has contributed to gradual price increases in the local market.

Living in Frankston North offers a laid-back, community-oriented lifestyle with an abundance of amenities and natural attractions. The suburb is well-serviced by public transport, making it a convenient option for commuters. Residents enjoy access to a variety of local shopping centers, parks, and recreational facilities, providing a comfortable lifestyle for families and individuals alike. The presence of schools and educational institutions is a draw for families with children, ensuring that educational needs are well catered for within the suburb. Moreover, the area's coastal charm and the nearby Frankston Foreshore add to the appeal, offering residents a chance to enjoy the natural beauty and recreational opportunities that come with beachfront living. While Frankston North continues to experience development and modernization, it still retains a strong sense of community and a welcoming, neighborhood feel.

Frankston North Real Estate Market Outlook

Thinking about buying in Frankston North? Now could not be a better time, with 2879 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $703,000 with prices in this suburb ranging from $276,000 to $1,129,000. Frankston North is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Frankston North due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Frankston North provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Frankston North to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Frankston North we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Frankston North a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!