VIC3977· Pop. 117,143Frankston

FIVE WAYS

EstablishedSteady performer with reliable demand and moderate capital growth

Investor score

42

Liveability score

30

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

Real

$850,000

VIC Gov · 2025

Rent yield

Real

2.3%

computed from govt data

Annual growth

Real

5.8%

annualised from govt data

Vacancy rate

Est.

1.5%

modelled estimate

AI insights for FIVE WAYS

Investment analysis, risks & comparisons

PREMIUM

FIVE WAYS shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Median price sourced from VIC Gov · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$380/wk

DFFH Moving Annual Rent · Sep 2025

Demand change

+2.1%

annual shift

Yield × growth index

4.0

combined signal

Net yield (est.)

3.28%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+6.9%

est. compound, long-run avg

10-yr growth (CAGR)

+5.5%

est. compound, long-run avg

Rental demand

48 / 100

Moderate demand

Supply pipeline

Est.

0.7%

new dwellings approved / stock · Modelled estimate

Low supply pressure

5-year price history

2020
$610k
2021
$740k
2022
$770k
2023
$760k
2025
$850k

Source: VIC Gov · 2025 · all sources

Market overview

FIVE WAYS is a VIC suburb offering lower rental yield and steady price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.

Highlights

  • Rental yield 2.3% with stable tenant demand
  • Consistent annual growth of 5.8%
  • Access to national transport network and amenities

Risk factors

  • Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,895/wk

$46k taxable p.a.

Renters

23.5%

73.3% owner-occupier

Median age

33.0 yrs

Unemployment

3.1%

Population growth

+1.4% p.a.

Investor-owned

11.0%

of all dwellings (ATO)

Houses

87%

1% apartments

Degree qualified

26.0%

bachelor's or higher (ABS)

Work from home

15.7%

of employed residents (ABS Census)

Median lot size

2.4 ha

Large block

Household size

2.9 persons

avg per dwelling (ABS Census)

Short-term rental

3.4%

Some Airbnb activity

Market activity

Distance to CBD

44.7 km

Regional

Days on market

68 days

Slower market

Auction clearance

30.0%

Buyer's market

Walkability

8 / 100

Car-dependent

Coastal proximity

18.8 km

Coastal fringe

NBN technology

Fixed Wireless

Regional — wireless tower

Population density

37/km²

Rural / semi-rural

Schools in postcode 3977

🏫18 Primary🎓6 Secondary📚2 Combined1 Special
ACARA 2025

🏫Primary (18)

St Thomas the Apostle Catholic Primary School

Catholic · Yrs Prep-6 · Major Cities

ICSEA 1073(76%)
711 students17:1 student–teacher52% girls26% top SEA quarter

Tulliallan Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 1048(68%)
1,449 students15:1 student–teacher47% girls24% top SEA quarter

St Agatha's School

Catholic · Yrs Prep-6 · Major Cities

ICSEA 1047(67%)
512 students15:1 student–teacher50% girls18% top SEA quarter

Casey Fields Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 1027(59%)
1,043 students15:1 student–teacher47% girls16% top SEA quarter

Botanic Ridge Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 1027(59%)
445 students15:1 student–teacher51% girls12% top SEA quarter

St Therese's School

Catholic · Yrs Prep-6 · Major Cities

ICSEA 1023(57%)
239 students14:1 student–teacher47% girls11% top SEA quarter

Barton Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 1020(56%)
1,092 students14:1 student–teacher50% girls12% top SEA quarter

Cranbourne South Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 1010(52%)
376 students16:1 student–teacher45% girls8% top SEA quarter

Cranbourne East Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 1006(50%)
999 students16:1 student–teacher49% girls13% top SEA quarter

Quarters Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 1003(48%)
466 students15:1 student–teacher50% girls11% top SEA quarter

Courtenay Gardens Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 998(46%)
750 students13:1 student–teacher49% girls10% top SEA quarter

Skye Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 995(45%)
515 students15:1 student–teacher50% girls7% top SEA quarter

Devon Meadows Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 986(40%)
305 students12:1 student–teacher47% girls5% top SEA quarter

Cranbourne Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 967(32%)
235 students12:1 student–teacher49% girls7% top SEA quarter

Cranbourne Carlisle Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 963(30%)
588 students15:1 student–teacher51% girls5% top SEA quarter

Cranbourne Park Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 949(24%)
313 students11:1 student–teacher46% girls5% top SEA quarter

Cranbourne West Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 946(23%)
594 students13:1 student–teacher51% girls4% top SEA quarter

Rangebank Primary School

Government · Yrs Prep-6 · Major Cities

ICSEA 942(22%)
347 students12:1 student–teacher49% girls3% top SEA quarter

🎓Secondary (6)

St Peter's College

Catholic · Yrs 7-12 · Major Cities

ICSEA 1045(66%)
2,089 students12:1 student–teacher48% girls17% top SEA quarter

Alkira Secondary College

Government · Yrs 7-12 · Major Cities

ICSEA 986(40%)
2,011 students13:1 student–teacher48% girls11% top SEA quarter

Cranbourne West Secondary College

Government · Yrs 7-11 · Major Cities

ICSEA 985(40%)
1,624 students13:1 student–teacher50% girls8% top SEA quarter

Cranbourne East Secondary College

Government · Yrs 7-12 · Major Cities

ICSEA 983(39%)
2,110 students13:1 student–teacher50% girls10% top SEA quarter

Lyndhurst Secondary College

Government · Yrs 7-12 · Major Cities

ICSEA 941(21%)
832 students11:1 student–teacher50% girls4% top SEA quarter

Cranbourne Secondary College

Government · Yrs 7-12 · Major Cities

ICSEA 931(18%)
1,139 students12:1 student–teacher50% girls3% top SEA quarter

📚Combined (2)

Casey Grammar School

Independent · Yrs Prep-12 · Major Cities

ICSEA 1099(84%)
1,127 students13:1 student–teacher52% girls37% top SEA quarter

Lighthouse Christian College Cranbourne

Independent · Yrs Prep-12 · Major Cities

ICSEA 1093(82%)
1,034 students22:1 student–teacher47% girls36% top SEA quarter

Special (1)

Marnebek School

Government · Yrs U · Major Cities

ICSEA 984(39%)
482 students8:1 student–teacher29% girls9% top SEA quarter

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

High crime
3/ 100

13.1 offences / 100 persons

Source: VIC Crime Statistics Agency · Dec 2025

School quality

Average
1003ICSEA · national avg 1000

27 schools in postcode area

Source: ACARA My School 2025

Transit access

Car-dependent
19/ 100
🚆 0 train🚌 4 bus

Source: State GTFS feeds

Gentrification signal

12

/ 100

Stable / no signal

Established suburb with stable demographics. Consistent demand but lower gentrification upside.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

medium

Source: State GIS flood zone data

🔥

Bushfire risk

low

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

medium

Coastal exposure + state climate

Live suburb intelligence

Fetching live data…

Location

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