Frankston
Market analysis for investment properties in Frankston
Median Price
$860,500
Trend:Accelerating
+10.3%
Median Rent
$600/pw
Trend:Steady
+3.5%
Rental Yield
3.63%
Trend:Decelerating
-6.2%
Median DoM
36 Days
Trend:Decelerating
-29.0%
Market Analysis
Why investors are watching Frankston right now.
Frankston boasts Bayside Shopping Centre, a major retail hub with over 250 stores including major brands like Myer, Target, and Kmart. Additionally, there is a vibrant street market held weekly at the Frankston Waterfront, offering fresh produce and artisan goods.
The Frankston area is home to reputable educational institutions such as Frankston High School, known for its academic excellence and strong sporting programs. Overnewton Anglican Community College, a private school with a focus on holistic education, is also a popular choice for families in the area.
Frankston is well-connected by public transport, with the Frankston Railway Station serving as a major transport hub linking residents to Melbourne's CBD via regular train services. The area also benefits from an extensive bus network, providing convenient access to surrounding suburbs and amenities.
Nature enthusiasts can enjoy the serene beauty of the Frankston Foreshore, a picturesque coastal reserve offering stunning views of Port Phillip Bay. The George Pentland Botanic Gardens is another popular destination, featuring lush greenery, walking trails, and a diverse range of flora and fauna for visitors to explore.
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Capital Growth
Historical Performance
Analyze long-term value appreciation, rental yield fluctuations, and median price trajectories.
Market Leaders
Top Performers in Frankston
Best performing suburbs in Frankston ranked by capital growth and rental yield. Data as of March 2026.
Top Suburbs by Growth
| Name | Type | Median Price | Rental Yield |
|---|---|---|---|
| Langwarrin South | House | $3.13m↑61.0% | 2.3% |
| Langwarrin | Unit | $670k↑17.5% | 4.2% |
| Frankston North | House | $704k↑17.4% | 3.7% |
| Hidden Market Alpha | House | $1.18m+14.2% | 4.6% |
| Hidden Market Beta | Unit | $735k+11.8% | 5.2% |
| Hidden Market Gamma | House | $962k+10.4% | 4.9% |
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Top Suburbs by Yield
| Name | Type | Median Price | Rental Yield |
|---|---|---|---|
| Sandhurst | Unit | $810k↑7.6% | 4.8% |
| Skye | Unit | $593k↓0.8% | 4.8% |
| Carrum Downs | Unit | $610k↑5.2% | 4.5% |
| Hidden Market Alpha | House | $1.18m+14.2% | 4.6% |
| Hidden Market Beta | Unit | $735k+11.8% | 5.2% |
| Hidden Market Gamma | House | $962k+10.4% | 4.9% |
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Market Vitals
Market Dynamics
Deep-dive into transaction velocity, rental pressure, and supply pipeline indicators.
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Strategy by LighthousePA
Where will Frankston be in 2026?
Data provides the foundation, but strategy secures the wealth. If you're seeking clarity on Frankston, let LighthousePA (Property Advisors) help you navigate the market and illuminate your next move.
- Wealth Planning
- Ownership Structuring
- Buyers Advocacy
- Property Negotiation
Investment Insights & FAQ
Frequently asked questions about the Frankston property market in 2026.
As of March 2026, the Frankston property market presents a dynamic investment landscape. Over the last 12 months, houses have seen an annual growth rate of 10.32% and units have grown by 7.16%. These figures reflect the evolving demand within VIC, offering potential for capital appreciation.
Based on the latest market snapshot, median property prices in Frankston range from $860,500 for houses to $621,500 for units. These values are calculated based on recent transaction data and current buyer activity across the VIC region.
For investors targeting cash flow, houses rent for $600 /pw with a 3.63% yield, while units rent for $500 /pw with a 4.18% yield. This rental performance is a key indicator of strong tenant demand within the Frankston area.
Market Insights Last Updated: March 2026