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  • Gateway to the Peninsula and Family Friendly: Investing in Frankston

    Often referred to as the ‘gateway to the Mornington Peninsula, Frankston is located about 55km from Melbourne’s CDB. This outer suburb has not always received the best PR, but with recent development of the freeway, the central business and shopping precinct and the foreshore, Frankston is becoming more attractive to families, young couples and singles looking for value.

    Frankston has a rich history that predates European settlement; the area was a rich food source for a number of tribe clans and it was also the location of an important meeting place for the Bunurong tribe clans. European settlement came in the first half of the 1800’s, with unofficial settlements taking advantage of the good fishing, traveling by boat to the early Melbourne township to sell their catches. The establishment of a railway line in the early 1880’s cemented Frankston as a popular beachside holiday spot – the 90-minute steam train trip made it perfect for day trips or the weekend holiday maker. This guaranteed the continual growth and development of the suburb, with the real population boom occurring after World War II.

    This history means Frankston has a diverse range of architectural styles. It consists mostly of quarter-acre blocks – those of the traditional ‘Australian Dream’, but like most Melbourne suburbs along the train line, recent development has focussed on apartments and units.

    The beach is still key to Frankston’s popularity, with its historic pier and appealing boardwalk. The recent foreshore development has only increased this attraction and the area hosts carnivals and an incredible annual sand sculpture competition, which brings together Australian and international artists to sculpt 3,500 tonnes of sand into artwork to fit the annual theme. Frankston also provides easy access to the Mornington Peninsula, and everything this offers, including back beaches, horse riding, wineries and food trails.

    Frankston is also an area for that provides good family living. It has a number of quality schools, including Frankston High School, one of the most reputable state government schools in Victoria. The Bayside Shopping Centre has over 250 department and specialty stores and includes a 12 screen cinema and a bowling centre. Wells Street and Shannon Mall also feature a variety of independent retailers.

    Frankston Hospital opened in 1941 and it has been significantly expanded overtime to become the largest in the area and on the Peninsula. Its emergency department is one of the largest and busiest in the state. There is also a private hospital, the Peninsula Private, ensuring healthcare facilities cover a wide range of needs.

    The Arts Centre is the cultural hub of Frankston, with two theatres, an exhibition space, a studio and workshop and a function hall. Frankston is also home to Australia’s leading sculpture park, the McClelland Gallery and Sculpture Park, which has over 130,000 visitors annually.

    Contact Accrue Real Estate to learn more about Pascoe Vale and other Melbourne property investment opportunities.