Median price · 7 years
Rolling 12-month median, all dwellings
$750,000+1.5% past 12 months
2020202120222023202420252026
Frankston
Mixed signals Growth score 57 Top 85% of sample
Risk score 32 Low · lower is better
Stability score 76 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Weak · 48
Listing scarcity15% Moderate · 55
Rental demand14% Moderate · 53
Days on market12% Moderate · 51
Infrastructure investment11% Strong · 91
Jobs access10% Weak · 43
Population growth8% Moderate · 53
Income growth7% Moderate · 63
New supply pressure5% · negative Low · 25
Key metrics vs benchmarks
VIC column is the sample-state average; national is the whole sample.
| Metric | Frankston | VIC | National |
|---|---|---|---|
| Median price | $750,000 | $666,000 | $734,203 |
| 12-month growth | +1.5% | +1.6% | +8.4% |
| Gross rental yield | 3.3% | 3.7% | 4.0% |
| Vacancy rate | 2.0% | 1.9% | 1.3% |
| Days on market | 40 | 41 | 31 |
| Auction clearance | 60% | 60% | 62% |
| New supply pipeline | Low | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
32Low risk
New supply pipelineApproved dwellings vs existing stock Low · 25
Employment concentrationShare of jobs in the top two industries Low · 18
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 15
Vacancy pressureCurrent vacancy vs 2% threshold Moderate · 36
Hazard exposureFlood, bushfire and storm surge overlays Low · 27
Who lives here
ABS Census, latest release, aggregated to suburb
36,097population 37median age 55%owner-occupied 45%renting
Owner-occupiedRenting
Frankston is a bayside Melbourne suburb and gateway to the Mornington Peninsula. The hospital redevelopment, town centre renewal, and future Suburban Rail Loop connection are catalysts for long-term growth.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Frankston Hospital redevelopment
- Frankston Town Centre renewal
- Suburban Rail Loop future connection
- Monash University Peninsula campus
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