Buyer's Agent in Frankston

Frankston is our highest-growth suburb with $118K average capital gain across tracked properties. The $1B hospital expansion is a once-in-a-generation catalyst driving employment, population growth, and property demand. Combined with council rezoning for density and beachside lifestyle appeal, The average gross yield recorded across the 4 Frankston purchases is 7.45% — $1,140/wk x 52 divided by the $796,000 average purchase price, before costs. That is our assessment based on our own transaction record — historical data, not a forecast.

The average investor purchase price we record in Frankston 3199 is $796K, within an observed range of $665,000 – $880,000. That range comes from 4 PremiumRea transactions in this suburb.

The average gross rental yield we record in Frankston is 7.45%, across an observed range of 6.50% – 8.12%. Gross means before land tax, management fees, insurance, maintenance, vacancy and loan interest — every one of which reduces the number.

The average weekly rent we record in Frankston is $1140, across a range of $800 – $2,000/wk. Rent varies with house type, land size and condition — these are rents actually achieved on properties we track, not appraisals.

The average land size we record in Frankston is 731 sqm, within a range of 607 – 1,100 sqm. Land size is what decides small second dwelling feasibility in Victoria — the Amendment VC253 permit exemption threshold is 300 sqm.

Frankston is in Victoria, so Amendment VC253 applies: no planning permit is usually required where the lot is in the RGZ, GRZ or NRZ, is larger than 300 sqm, the second dwelling is 60 sqm or less, and there is only one existing dwelling on the lot. The average block in Frankston is 731 sqm. Overlays and restrictive covenants can independently trigger a permit and must be checked lot by lot.

The drivers we record for Frankston are: $1 billion Frankston Hospital expansion — massive employment catalyst; Council rezoning for higher density (HCTZ1 zones available); Frankston train line with direct CBD access; Beachside lifestyle appeal driving demand. Those are verifiable facts about the area; what they do to future prices is not something anyone can guarantee.

Frankston is about 45 km from the Melbourne CBD. Frankston station (Frankston line) — 60 min to Flinders Street. EastLink tollway access. Peninsula Link to Mornington Peninsula.

Frankston High School, John Paul College, multiple primary options. Monash University Peninsula campus nearby. This page indexes 13 schools in Frankston, with primary schools ranked statewide by 2025 NAPLAN Year 5 reading and numeracy mean and secondary schools by VCE 40+ score percentage, sourced from ACARA MySchool and the Victorian Department of Education.

Mix of young professionals, healthcare workers, and established families. Growing population due to hospital expansion. Beachside lifestyle attracting CBD downsizers.

Frankston Hospital ($1B expansion), Bayside Shopping Centre, Frankston Waterfront, Frankston Arts Centre, Centenary Park.

We track 4 transactions in Frankston, with average capital gain per property of $119K. Every price, rent and yield figure on this page comes from those transactions rather than from an average of public listings.

Frankston — Hospital Expansion Play: purchased at $730K, currently valued at $850K, renting at $850 a week on 700 sqm of land. Purchased at $730K in the hospital expansion catchment zone. Bank valuation hit $850K as hospital construction accelerated. Rented at $850/wk with rooming house conversion potential pushing income to $1,200+/wk. HCTZ1 zoning allows future multi-unit development.