Frankston Property Investment Guide 2026
medium riskVIC 3199 · Metro Outer
Frankston Investment Profile
Frankston is a outer metro suburb in Victoria (postcode 3199), home to a population of 38,000 residents.
With over $360M being invested in local infrastructure projects like the Frankston Hospital expansion, this bayside suburb is set for future growth. Frankston also offers a solid 3. 64% rental yield and a low risk profile.
This suburb has a medium risk profile — offering a balance of opportunity and uncertainty that suits moderate investors.
The suburb offers houses, apartments, townhouses for investors.
Source: Government data, updated 2026-09-01T20:51:19.66+00:00.
Price & Growth Analysis
Median Prices
- House: $700,000
- Unit: $460,000
- Townhouse: $560,000
Capital Growth
- 5-year annual growth: 4.8% p.a.
- 10-year annual growth: 6.5% p.a.
At current growth rates, a house purchased at the median price of $700,000 could be worth approximately $884,921 in 5 years and $1,313,996 in 10 years. These are estimates based on historical growth rates and actual results may vary.
Source: Government data, updated 2026-09-01T20:51:19.66+00:00.
Rental Yield & Market Conditions
Weekly Rents
- House: $628/week ($32,656/year)
- Unit: $445/week ($23,140/year)
Yield & Market Metrics
- Gross rental yield: 4.67%
Source: Government data, updated 2026-09-01T20:51:19.66+00:00.
Demographics & Community Profile
| Metric | Value |
|---|---|
| Population | 38,000 |
| Median age | 36 |
| Median household income | $76,000/year |
| Unemployment rate | 4.5% |
| Owner-occupier ratio | 55% |
The suburb has moderate household incomes, typical for this region type. Owner-occupier ratio: 55%, reflecting balanced mix of owners and renters, indicating a healthy investment market.
Source: Government data, updated 2026-09-01T20:51:19.66+00:00.
Growth Drivers & Infrastructure
Key Growth Drivers
- Bayside metro
- Frankston hospital
- Peninsula lifestyle
Infrastructure Projects
- Frankston Hospital Expansion (health, $160m, under_construction)
- Frankston Station Precinct Redevelopment (commercial, $200m, under_construction)
Major infrastructure investment is a strong indicator of future growth. Frankston benefits from 2 notable projects that could drive demand and property values.
Risk Assessment
Risk Level: Medium
Price Stability: N/A
Volatility: N/A
Identified Risks
- Legacy reputation issues in some pockets
- Competition from Mornington Peninsula
With a price stability score of N/A, Frankston demonstrates unavailable price stability data.
Investment Verdict
Score Breakdown
- Growth Score: 5.1/10
- Yield Score: 7.3/10
- Hybrid Score: 6.2/10
Frankston scores strongest in rental yield, with a hybrid score of 6.2/10.
This suburb offers moderate returns across both growth and yield. Consider your specific investment goals and risk tolerance when evaluating.
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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