Median Sale Price
House
$603K
Updated on Aug 2020
2 BR $573K | 3 BR $585K | 4 BR $660K |
Unit
$416K
Updated on Aug 2020
1 BR $200K | 2 BR $406K | 3 BR $545K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $315,000 | 0.0% | $199,000 | $1,420,515 | 616 |
| 2010 | $365,000 | +13.7% | $130,000 | $2,147,483,647 | 638 |
| 2011 | $357,500 | -2.1% | $127,000 | $1,900,000 | 555 |
| 2012 | $340,000 | -5.1% | $155,000 | $2,500,000 | 537 |
| 2013 | $350,000 | +2.9% | $159,000 | $1,850,000 | 703 |
| 2014 | $371,000 | +5.7% | $114,500 | $35,700,000 | 781 |
| 2015 | $420,000 | +11.7% | $48,000 | $1,530,000 | 636 |
| 2016 | $475,000 | +11.6% | $155,000 | $1,800,000 | 616 |
| 2017 | $601,000 | +21.0% | $132,000 | $2,441,300 | 662 |
| 2018 | $610,000 | +1.5% | $305,500 | $2,600,000 | 529 |
| 2019 | $581,000 | -5.0% | $321,000 | $1,615,000 | 483 |
| 2020 | $611,500 | +5.0% | $159,000 | $1,660,000 | 276 |
Median Sale Price
$610K
Based on 421 recorded sales within the last 12 months
Updated on 26 Sep 2020
Suburb Growth
+5.7%
Current Median Price: $610,000
Previous Median Price: $575,000
Based on 877 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$390
Updated on Aug 2020
2 BR $330 | 3 BR $380 | 4 BR $440 |
Unit
$320
Updated on Aug 2020
1 BR $240 | 2 BR $325 | 3 BR $410 | 4 BR $530 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $320 | 0.0% | $120 | $1,387 | 601 |
| 2012 | $305 | -4.9% | $115 | $28,500 | 663 |
| 2013 | $320 | +4.7% | $105 | $1,434 | 710 |
| 2014 | $330 | +3.0% | $110 | $1,868 | 591 |
| 2015 | $340 | +2.9% | $125 | $650 | 757 |
| 2016 | $350 | +2.9% | $145 | $1,304 | 838 |
| 2017 | $380 | +7.9% | $145 | $1,999 | 943 |
| 2018 | $385 | +1.3% | $135 | $800 | 817 |
| 2019 | $390 | +1.3% | $150 | $3,207 | 777 |
| 2020 | $395 | +1.3% | $130 | $1,000 | 413 |
Median Rent Price
$395
per week
Based on 613 recorded rent within the last 12 months
Updated on 26 Sep 2020
Rent Price Growth
+1.3%
Current Median Rent: $395
Previous Median Rent: $390
Based on 1400 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.4%
Current Median Price: $610,000
Current Median rent: $395
Based on 1034 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)
Auction Results For Frankston
Houses sold in Last 12 months ends 19 Sep 2020
$615K
Median Sale Price
81%
Clearance Rate
119/148
Sold/Reported
$1.66M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.6 M - $1.8 M | 2 | |
| $1.4 M - $1.6 M | 1 | |
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M | 7 | |
| $600 K - $800 K (Median Price Range) | 56 | |
| $400 K - $600 K | 49 | |
Similar Suburbs to Frankston 3199
Based on median house sale price sold in last 12 months
Schools closest to Frankston, VIC 3199
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Frankston Primary School | DAVEY STREETFrankston 3199 | Primary | Government | 0.29 km |
| St Francis Xavier School | CNR PARK & YUILLE STSFrankston 3199 | Primary | Catholic | 0.56 km |
| John Paul College | MCMAHONS RDFrankston 3199 | Secondary | Catholic | 1.29 km |
| Overport Primary School | TOWERHILL ROADFrankston 3199 | Primary | Government | 1.7 km |
| Frankston High School VCE Campus | Frankston 3199 | Secondary | Government | 1.81 km |
| Frankston High School | 97 FOOT STREETFrankston 3199 | Secondary | Government | 1.88 km |
| Kananook Primary School | 22 WELLS ROADSeaford 3198 | Primary | Government | 2.36 km |