Frankston South, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Frankston South
VICCensus 2021 · Population 18,800
Frankston South is a suburb with a total population of 18,800, characterized by a median age of 44, which is higher than the Victorian average of 38. The suburb has a balanced gender distribution with 48.1% male and 51.9% female residents. The area is predominantly family-oriented, with 48.3% of households being couples with children and 37.0% being couples without children. The suburb has a high percentage of separate houses at 85.9%, indicating a preference for more spacious living arrangements.
Key Highlights
- Low unemployment rate of 3.5% compared to the VIC average of 5.0%
- High median household weekly income of $2,038, above the VIC average of $1,759
- Significant percentage of residents work from home (27.4%)
- High percentage of separate houses at 85.9% compared to the VIC average of 73.4%
- Above average percentage of high-income households at 31.6%
Things to Consider
- Median age of 44 is higher than the VIC average, indicating an older population
- Lower percentage of residents with a bachelor's degree or higher (27.0%) compared to the VIC average (29.2%)
- Low public transport usage at 1.3%
- Higher median weekly rent of $420 may impact affordability
- Lower percentage of residents born overseas (24.6%) compared to the VIC average (35.0%)
What's it like living here?
Residents of Frankston South enjoy a suburban lifestyle with a significant portion of the population working from home (27.4%), which is above the Victorian average of 25.7%. The suburb has a strong community feel, with a high percentage of family households (75.5%). Commuting is primarily done by car, with 51.2% of residents driving to work, while public transport usage is low at 1.3%.