Frankston scores 7.7/10 — GeeVee’s highest-scoring bayside value suburb in 2026. The $1.1B Frankston revitalisation project, beach lifestyle at accessible prices and strong rental yields make it one of Melbourne’s most compelling undervalued markets.
Frankston Investment Snapshot
| Metric | Houses | Units |
|---|---|---|
| Median Price | $720k | $430k |
| Gross Yield | 4.2% | 4.8% |
| 5-Year Growth | +44% | +31% |
| Vacancy Rate | 1.8% | 2.2% |
| Auction Clearance | 67% | 60% |
Why 7.7/10?
- $1.1B committed to Frankston Activity Centre revitalisation
- 4.2% houses and 4.8% units — highest yields of any beach suburb in Melbourne
- $720k median — 43% cheaper than Cheltenham for beach-adjacent property
- Frankston Hospital expansion creating 700+ new healthcare jobs
Risks
- Perception risk — reputation improving but still lags bayside peers
- Longer commute (55 minutes to CBD) limits professional tenant segments
Access off-market opportunities in Frankston: collings.com.au/portal
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