ABS 2021 Census · Updated 31 March 2026
Frankston is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 37,331, making it a sizeable community. Located approximately 40 km from the Melbourne CBD, Frankston is a outer metro area in Victoria. The median household income is $72,124 AUD per year (ABS 2021 Census).
Moderate income levels in Frankston indicate steady rental demand from working households. Greater distance from the CBD may temper short-term capital growth.
Map shows Frankston, Victoria, Australia.
Official Australia Post postcode for Frankston. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 9 schools within or near this suburb based on ABS 2021 data.
Find schools near Frankston on My School →Estimated 15 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →Frankston's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $342/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,733/month.
Holding property in Frankston over the medium term may deliver steady, if unspectacular, returns.
Rental yields in Frankston are moderate — screen for properties that offer above-average returns.
Older housing stock in Frankston combined with strong buyer demand creates solid renovation upside.
Run the numbers on a Frankston property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Growth in Frankston through 2026 will likely be steady rather than spectacular, tracking the wider market. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Frankston offers measured appeal for investors willing to look beyond headline metrics.
Frankston is a outer metro area in Victoria with a population of 37,331. The median rent is $342/week and the median household income is $72,124/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Frankston include affordability relative to inner suburbs and expanding infrastructure. 68% of dwellings are separate houses. The area has approximately 9 schools and 15 parks nearby.
According to the ABS 2021 Census, Frankston has a population of approximately 37,331. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Frankston is approximately 40 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.