Frankston North, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Frankston North
VICCensus 2021 · Population 5,705
Frankston North is a suburb with a population of 5,705 people, characterized by an equal gender distribution and a median age of 37, slightly younger than the Victorian average of 38. The area has a notable mix of family structures, with 34.7% of households being single-parent families, which is higher than many other regions. The suburb features a significant proportion of separate houses, accounting for 93% of the housing stock, which is considerably above the Victorian average of 73.4%. Frankston North has a relatively high rental market, with 45.2% of homes rented, compared to the state average of 28.5%.
Key Highlights
- High proportion of separate houses - 93% (vs VIC 73.4%)
- Significant single-parent family presence - 34.7%
- Diverse cultural background with 26.1% born overseas
- Technicians and Trades Workers are the top occupation at 19.7%
- Renter-heavy with 45.2% of homes rented (vs VIC 28.5%)
Things to Consider
- Higher unemployment rate at 9.2% (vs VIC 5.0%)
- Below average educational attainment with 9.1% holding a bachelor's degree or higher (vs VIC 29.2%)
- Lower median household income at $1,128 weekly (vs VIC $1,759)
- High percentage of low-income households at 25.8%
- Limited public transport usage at 4.9%
What's it like living here?
Daily life in Frankston North involves a strong reliance on car travel, with 63.9% of residents driving to work. Public transport usage is low at 4.9%, indicating limited public transport options. The community has a diverse cultural background, with 26.1% of residents born overseas, though this is below the Victorian average of 35%. The suburb has a lower rate of working from home at 10.2% compared to the state average of 25.7%, reflecting the types of occupations prevalent in the area.