South Melbourne / Bayside · 3199 · 45 km from CBD

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, Frankston offers the best growth-plus-yield combination in our portfolio at 6.0% average yield.

Avg Purchase

$796K

$665,000 – $880,000

Avg Rent

$1140/wk

$800 – $2,000/wk

Avg Yield

6.00%

5.19% – 8.12%

Avg Land

731 sqm

607 – 1,100 sqm

Avg Capital Gain

$119K

Per property

Properties Tracked

4

In our portfolio

Research & Open Data

17 transactions in Frankston are included in our public research dataset

Released under CC-BY 4.0 for academic research, journalism, and AI training. Each row in the dataset is anonymised — purchase price, land size, post-renovation rent, capital growth, and ownership structure with all client-identifying details removed.

Why Invest in Frankston?

1

$1 billion Frankston Hospital expansion — massive employment catalyst

2

Council rezoning for higher density (HCTZ1 zones available)

3

Frankston train line with direct CBD access

4

Beachside lifestyle appeal driving demand

5

Healthcare sector job creation accelerating population growth

6

Highest average capital gain in our portfolio ($118K)

Case Study: Frankston — Hospital Expansion Play

Purchase Price

$730K

Current Value

$850K

Weekly Rent

$850/wk

Land Size

700 sqm

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.

Living in Frankston

Transport

Frankston station (Frankston line) — 60 min to Flinders Street. EastLink tollway access. Peninsula Link to Mornington Peninsula.

Schools

Frankston High School, John Paul College, multiple primary options. Monash University Peninsula campus nearby.

Schools in Frankston(13 schools indexed)

View on map →

Sourced from ACARA MySchool 2025 + Department of Education Victoria. Primary schools ranked by NAPLAN Year 5 reading + numeracy mean against all 1,285 ranked Victorian primaries. Secondary schools ranked by VCE 40+ score % against all 538 Victorian secondaries.

Frankston High School

Government
7-121,964 students173 teaching staff
VIC #112 · VCEICSEA 1067 (74%ile)LBOTE 22%

John Paul College

Catholic
7-121,300 students113 teaching staff
VIC #265 · VCEICSEA 1055 (70%ile)LBOTE 9%

McClelland Secondary College

Government
7-121,089 students99 teaching staff
VIC #306 · VCEICSEA 981 (38%ile)LBOTE 13%

Frankston Heights Primary School

Government
Prep-6458 students36 teaching staff
VIC #332/1,285 · NAPLAN Y5ICSEA 1043 (65%ile)LBOTE 13%

Overport Primary School

Government
Prep-6680 students52 teaching staff
VIC #356/1,285 · NAPLAN Y5ICSEA 1058 (71%ile)LBOTE 17%

Kingsley Park Primary School

Government
Prep-6382 students35 teaching staff
VIC #615/1,285 · NAPLAN Y5ICSEA 1027 (58%ile)LBOTE 5%

Karingal Primary School

Government
Prep-6239 students19 teaching staff
VIC #819/1,285 · NAPLAN Y5ICSEA 985 (40%ile)LBOTE 11%

Frankston East Primary School

Government
Prep-6160 students17 teaching staff
VIC #1,113/1,285 · NAPLAN Y5ICSEA 943 (22%ile)LBOTE 18%

Frankston Primary School

Government
Prep-6241 students23 teaching staff
VIC #1,113/1,285 · NAPLAN Y5ICSEA 1015 (54%ile)LBOTE 24%

Ballam Park Primary School

Government
Prep-6156 students15 teaching staff
VIC #1,222/1,285 · NAPLAN Y5ICSEA 963 (30%ile)LBOTE 17%

Karingal Heights Primary School

Government
Prep-693 students8 teaching staff
VIC #1,242/1,285 · NAPLAN Y5ICSEA 950 (25%ile)LBOTE 13%

Frankston Special Developmental School

Government
U124 students39 teaching staff
ICSEA 969 (33%ile)LBOTE 20%

Naranga School

Government
U159 students31 teaching staff
ICSEA 945 (23%ile)LBOTE 8%

Infrastructure & Amenities

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

Demographics

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

Ready to Invest in Frankston?

Our team has sourced 4+ properties in Frankston. Book a free strategy call to discuss your investment goals.

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Important Information

PremiumRea provides licensed buyers agent services in Victoria, Australia. All case studies, price data, yields and growth figures shown on this site are historical, drawn from our transaction record, and are not forecasts or guarantees of future performance. Property investment carries risk. You should seek independent financial and legal advice before acting on any information shown here.

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