Buying or renting a property is an important decision. It is also important to understand the suburb and understand the profile of the people living in it. This Frankston suburb profile will provide a general overview and pointers for aspiring renter, tenant, buyer or investor.
Frankston suburb profile and suburb overview
Frankston suburb profile: Frankston is a well know suburb within the Greater Melbourne City area. The suburb is located in the southern eastern part of Melbourne. It is 55 kilometres south east from Melbourne CBD. The postcode for Frankston is 3199 and it had a population of over 36,097 people. The split between males and females is 48.4% to 51.6%. This map is showing Frankston in Victoria.
Frankston suburb demographics
This report is good outline of Frankston demographics, ancestry breakdown of people living in the suburb. The report also shows the percentage of properties owned and tenanted in the suburb. It would show the percentage of people living in public housing and weekly household income.
Frankston ancestry profile
Frankston has a high percentage of English population. Around 32.5% of people living in Frankston are of English background. This is follows by Australian at 28%. People of Irish ancestry come third at 10%. It is notable that Frankston has a high Scottish and German population as well.
Frankston public housing and tenant profile
Frankston suburb profile: This suburbs has a majority of people living in private housing. However, the percentage of public housing tenants is average. Especially when compared to other Melbourne suburbs such as Broadmeadows. Public housing in Frankston is just above 3.5%. This means that over 3.5% of people tend to be in lower socio-economic background and qualify for subsidised housing.
A little over 27% of people in this suburb own their houses outright, about 32% are paying their properties off and 37% are renting. We tend to like suburbs where the renter ratio doesn’t exceed 30%. Higher percentage of renters often suggests to us that the suburb is not desirable for owner occupiers.
Frankston age profile and income
Working age of population in Frankston is relatively young. Majority of people are in the 25-34 age bracket, the second largest age bracket is 35-44. From the wealth perspective Frankston is a lower to balanced income suburb. Whereby over 36% of this suburb population earn less than $1,250 a week. This is followed by 23.5% earning less than $1,500 a week per household. Only about 3% of residents in the suburb earn in the top bracket.
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