Real Estate in Frankston VIC

What Does Your Budget Buy in Frankston?

The $825K median tells you very little. Here is what each price band looks like, based on block-level data across 465 microburbs with price data.

$225K - $742K

Entry level. Older stock, smaller lots, properties needing work.

$742K - $825K

Mid-range. Updated homes on standard lots. Solid family options.

$825K - $944K

Upper range. Renovated or larger homes in sought-after pockets.

$944K - $6.1M

Premium. Top-tier homes, best positions, fully renovated or new builds.

Layer:

575 microburbs mapped. Houses: $225K to $6.1M. Full Frankston report

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What Makes Frankston Different

What agents are selling

Based on 200 listing descriptions analysed by Microburbs.

Beach suburb (46% of listings lead with the water). 18% heritage or period homes
Green and leafy (83%), 50% have outdoor entertaining, 40% emphasise quiet streets
Connected by train (40%), walkable (71%)
Draws families, downsizers, first home buyers, investors
24% of listings mention development or subdivision potential

The numbers

Median house $825K. Median unit $594K. Rent $600/wk
Gross rental yield 3.8%
Mixed: 13,341 houses, 11,140 units
Prices range $225K to $6.1M across 575 blocks. $5.8M spread within the suburb
Most-traded street: Cranbourne Road (46 sales, median $374K)
16% above Frankston North ($711K)
56% below Frankston South ($1.3M)

Frankston Has 4 Distinct Price Tiers

Prices vary by over $5.8M depending on which block you buy. The suburb splits into clear micro-markets.

Entry Level (Akora, Alice, Allawah, Allenby)

Median $657K, range $225K to $741K
116 microburbs in this price band
Older stock, smaller lots, or properties needing work
Best value entry point to the suburb

Core Family (Abbeygate, Abelia, Adina, Alfred)

Median $788K, range $742K to $825K
116 microburbs in this price band
Updated homes on standard lots
Highest sales volume sits in this band

Upper Range (Abor, Acton, Addicott, Admirals)

Median $877K, range $825K to $941K
116 microburbs in this price band
Renovated or larger homes in sought-after streets

Premium (Acacia, Addicott, Albert, Alexander)

Median $1.0M, range $944K to $6.1M
117 microburbs in this price band
Top-tier positions, fully renovated or new builds
Tightly held. Rarely come to market

Street-Level Median Prices

Median house price by street, top 8 streets by sales volume.

Street	Median	Total Sales	% Renters	Turnover
Cranbourne Road	$374K	46	41%	5.0 yrs
Heatherhill Road	$565K	33	40%	5.5 yrs
Karingal Drive	$480K	30	35%	11.4 yrs
Williams Street	$416K	26	61%	10.8 yrs
Lewis Street	$372K	26	56%	10.6 yrs
Foot Street	$387K	22	52%	11.7 yrs
Skye Road	$362K	22	28%	8.5 yrs
Beach Street	$355K	22	35%	14.9 yrs

More streets available in the full Frankston report.

Street Price Trends . See historical price trends for every street in the full Frankston report.

Get Street Data

Confirmed Sales (to March 2026)

Address	Sale Price	AVM Value	vs AVM	Bed/Bath/Gar	Land	Date
22 Campbell Street	$570,000	$615,000	-7%	3/1/1	336sqm	2024-01
10 Nott Avenue	$582,000	$590,000	~match	3/2/2	296sqm	2023-07
7 Sunningdale Retreat	$595,000	--		4/2/2	13244sqm	2023-07
4 Gulwa Avenue	$651,000	$720,000	-10%	3/1/2	806sqm	2023-06
13 Warrain Street	$220,000	$780,000	-72%	3/1/2	585sqm	2023-06
Unit 20, 1 Foot Street	$447,500	$450,000	~match	2/1/1	60sqm	2023-06

Blurred valuations are in the full report. More sales in the full Frankston report.

Currently For Sale

Address	Guide	AVM Value	Bed/Bath	Type
40 New Street	$360,000	--	--/--	Industrial
25 Campbell Street	$350,000	$735K	3/3	House
12 Coral Street	$214,000	$625K	3/1	House
Unit 2, 19 Cranbourne Road	$167,000	$435K	2/1	Apartment
6 Carnoustie Court	$245,000	$740K	3/2	House

5 properties listed. Blurred valuations are in the full report. See all Frankston listings.

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Rental Market

Rent data across 463 microburbs with rental listings.

$215/wk

Lowest Rent

$600/wk

Median Rent

$2,272/wk

Highest Rent

Rent varies from $215/wk to $2,272/wk across different blocks. Gross yield is approximately 3.8%. See rental yield by block in the full report.

What Homes Look Like in Frankston

Based on 337 listing descriptions analysed. Shows how often each feature appears.

Outdoor Entertaining

64%

Natural Light

47%

Ensuite

39%

Views

19%

Large Kitchen

18%

Good Aspect

12%

Level Access

7%

Pool

6%

Renovation Profile

Based on 269 listings: Partially renovated (47%), Fully renovated (39%), Needs renovation (14%), New (0%).

Feature data from listing descriptions. Individual property features in the full Frankston report.

Market Summary

Metric	Frankston
Total addresses	24,657
Freestanding houses	13,341
Units	11,140
Median house	$825K
Median unit	$594K
Median rent (house)	$600/wk
Microburbs mapped	575

Price Range

Metric	Frankston
Cheapest block median	$225K
Most expensive block	$6.1M
SUA	Melbourne
State	Victoria
Gross yield (approx)	3.8%

Frankston vs Neighbours

Suburb	SUA	Median House	Addresses
Frankston	Melbourne	$825K	24,657
Frankston South	Melbourne	$1.3M	5,075	56% more
Seaford	Melbourne	$848K	3,225	3% more
Frankston North	Melbourne	$711K	2,343	14% less
Langwarrin	Melbourne	$923K	55	12% more

Frankston North is the cheapest neighbour at $711K, 16% below Frankston
Frankston South is the most expensive at $1.3M, 56% above Frankston
Frankston sits below the neighbourhood median of $923K

Common Questions About Frankston Real Estate

Is Frankston a good suburb? ▼

Frankston has median house price of $825K, gross rental yield of 3.8%, beach and coastal lifestyle, train access. Prices range from $225K to $6.1M depending on which block you buy. The full Frankston report maps every block individually.

Is Frankston expensive? ▼

The median house price in Frankston is $825K. More expensive than Frankston North ($711K). Cheaper than Frankston South ($1.3M). Entry-level blocks start around $225K.

What is Frankston like to live in? ▼

Based on 200 listing descriptions, Frankston is known for a beach suburb with coastal lifestyle; heritage and period homes (18% of listings); a strong cafe and dining scene (78% of listings); green and leafy with good park access. Mixed housing (13,341 houses, 11,140 units). See the block-level breakdown in the full report.

What are the best streets in Frankston? ▼

The most active streets by sales volume are Cranbourne Road (46 sales, median $374K), Heatherhill Road (33 sales, median $565K), and Karingal Drive (30 sales, median $480K). Street-level data for all streets in the full report.

Is Frankston a good investment? ▼

Median rent $600/wk. gross yield 3.8%. 41% of listings explicitly target investors. The full Frankston report includes: block-level yield mapping, vacancy rates per street, supply pressure scores, days on market by block, rental demand indicators, and AVM valuations for every property. Our backtested suburb forecasting model covers Frankston with 15-year historical validation and forward estimates. See how individual blocks within Frankston compare on yield vs growth.

Explore More About Frankston

Every topic below has its own block-level analysis for Frankston.

Frankston: $825K Median, 575 Microburbs, $225K-to-$6.1M Range