Alfredton vs Frankston: Property Investment Comparison 2026
Side-by-side investment comparison to help you decide which suburb suits your investment goals.
Alfredton
lowVIC 3352
Frankston
lowVIC 3199
Overview
This guide compares Alfredton (VIC, 3352) and Frankston (VIC, 3199) as property investment options.
| Feature | Alfredton | Frankston |
|---|---|---|
| State | VIC | VIC |
| Region | Regional Minor | Metro Outer |
| Risk Level | Low | Low |
| Hybrid Score | 5.0/10 | 7.0/10 |
Price Comparison
| Price Metric | Alfredton | Frankston |
|---|---|---|
| Median House | $605,000 | $700,000 |
| Median Unit | $390,000 | $460,000 |
| Median Townhouse | N/A | $560,000 |
Alfredton offers a lower entry price, approximately $95,000 (14%) cheaper at the median level.
Rental Yield Comparison
| Yield Metric | Alfredton | Frankston |
|---|---|---|
| Gross Yield | 4.29% | 4.74% |
| House Rent/wk | $499 | $638 |
| Unit Rent/wk | $320 | $462 |
| Vacancy Rate | N/A | 1.2% |
| Days on Market | N/A | 25 |
Frankston offers the higher gross yield at 4.74%, a difference of 0.45 percentage points.
Growth Comparison
| Growth Metric | Alfredton | Frankston |
|---|---|---|
| 5yr Growth p.a. | 6.0% | 4.8% |
| 10yr Growth p.a. | 5.1% | 6.5% |
| Growth Score | 8.0/10 | 6.0/10 |
Alfredton has demonstrated stronger recent growth at 6.0% p.a. over the past 5 years.
Demographics Comparison
| Demographic | Alfredton | Frankston |
|---|---|---|
| Population | 18,922 | 38,000 |
| Median Age | 40 | 36 |
| Household Income | $96,616 | $76,000 |
| Unemployment | 2.8% | 4.5% |
| Owner-Occupier | N/A | 55% |
Risk Comparison
| Risk Metric | Alfredton | Frankston |
|---|---|---|
| Risk Level | Low | Low |
| Price Stability | N/A | N/A |
| Volatility | N/A | N/A |
Alfredton risks:
Frankston risks: Legacy reputation issues in some pockets; Competition from Mornington Peninsula
Investment Verdict
Who should invest where?
Growth seekers may prefer investigating Alfredton (growth score 8.0/10, 5yr growth 6.0% p.a.). This suburb is better positioned for capital appreciation over a longer holding period.
Yield hunters may prefer investigating Frankston (yield score 8.0/10, gross yield 4.74%). This suburb provides stronger rental returns and better cashflow potential.
Balanced investors seeking both growth and income may prefer Frankston (hybrid score 7.0/10), 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.
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