Albany vs Frankston: Property Investment Comparison 2026
Side-by-side investment comparison to help you decide which suburb suits your investment goals.
Albany
lowWA 6330
Frankston
mediumVIC 3199
Overview
This guide compares Albany (WA, 6330) and Frankston (VIC, 3199) as property investment options.
| Feature | Albany | Frankston |
|---|---|---|
| State | WA | VIC |
| Region | Regional Major | Metro Outer |
| Risk Level | Low | Medium |
| Hybrid Score | 7.6/10 | 6.2/10 |
Price Comparison
| Price Metric | Albany | Frankston |
|---|---|---|
| Median House | $700,000 | $700,000 |
| Median Unit | $430,000 | $460,000 |
| Median Townhouse | N/A | $560,000 |
Frankston offers a lower entry price, approximately $0 (0%) cheaper at the median level.
Rental Yield Comparison
| Yield Metric | Albany | Frankston |
|---|---|---|
| Gross Yield | 5.88% | 4.67% |
| House Rent/wk | $791 | $628 |
| Unit Rent/wk | $547 | $445 |
Albany offers the higher gross yield at 5.88%, a difference of 1.21 percentage points.
Growth Comparison
| Growth Metric | Albany | Frankston |
|---|---|---|
| 5yr Growth p.a. | 6.0% | 4.8% |
| 10yr Growth p.a. | 5.1% | 6.5% |
| Growth Score | 5.2/10 | 5.1/10 |
Albany has demonstrated stronger recent growth at 6.0% p.a. over the past 5 years.
Demographics Comparison
| Demographic | Albany | Frankston |
|---|---|---|
| Population | 38,042 | 38,000 |
| Median Age | 45 | 36 |
| Household Income | $70,148 | $76,000 |
| Unemployment | 3.9% | 4.5% |
| Owner-Occupier | N/A | 55% |
Risk Comparison
| Risk Metric | Albany | Frankston |
|---|---|---|
| Risk Level | Low | Medium |
| Price Stability | N/A | N/A |
| Volatility | N/A | N/A |
Albany risks:
Frankston risks: Legacy reputation issues in some pockets; Competition from Mornington Peninsula
Investment Verdict
Who should invest where?
Growth seekers may prefer investigating Albany (growth score 5.2/10, 5yr growth 6.0% p.a.). This suburb is better positioned for capital appreciation over a longer holding period.
Yield hunters may prefer investigating Albany (yield score 10.0/10, gross yield 5.88%). This suburb provides stronger rental returns and better cashflow potential.
Balanced investors seeking both growth and income may prefer Albany (hybrid score 7.6/10), which offers the best overall combination of metrics.
This information is general in nature and does not constitute personal financial advice. Investment decisions should be based on your individual circumstances. Consider seeking professional advice before making any property investment.
Read Individual Guides
Which suburb is right for you?
Take our free 2-minute assessment to get personalised suburb recommendations matched to your budget and goals.
Get Your Free Assessment