Frankston’s Appealing Opportunities

With a blend of strong rental demand, low vacancy rates, and impressive rental yields, Frankston is fast emerging as an attractive choice for savvy property investors. Boasting a growing population of 142,826 as of June 2023—up by 1.18% from the previous year—Frankston offers a robust rental market and promising growth prospects.

Frankston’s property market showcases a range of appealing opportunities across houses, townhouses, and units, each offering competitive rental yields:

• Houses: The median weekly rent for houses in Frankston is $540, with a yield of 3.74%. Despite stable property values, house rents have seen an increase of 10.20% over the past year, providing strong rental income for investors.
• Townhouses: For investors focused on maximising yield, townhouses in Frankston offer a median weekly rent of $580 and an impressive yield of 4.60%. Rental rates for townhouses have surged by 11.53% over the past year, indicating robust demand and a rewarding return for investors.
• Units: With a lower entry point and a median price of $500,000, units deliver an attractive yield of 4.42% and a median weekly rent of $425. Unit rents have also grown by 8.97% in the past year, demonstrating a strong upward trend in rental demand.

Tight Supply and High Rental Demand

Frankston’s low vacancy rate of 0.65% underscores the high demand for rental properties and a tight market supply. Low vacancy rate, combined with the area’s appealing coastal lifestyle and easy access to Melbourne, positions Frankston as a prime market for investors seeking properties that stay occupied and provide steady rental income.

Rising Value and Demand Across Property Types

With a median listing price of $750,000 for houses and $500,000 for units, Frankston offers a balance of affordability and growth potential. The rental market here has experienced notable price changes over the past year, providing both current income and prospects for future appreciation. Whether investing in a house, townhouse, or unit, investors are benefiting from competitive yields and a positive rental environment.

A Region Ready for Long-Term Growth

Frankston’s growing population and low vacancy rate create a secure foundation for future property investment. As the area continues to attract families, professionals, and renters looking for a balance of lifestyle and accessibility, Frankston’s property market is likely to remain resilient, offering both capital growth and dependable rental returns.

For investors seeking a stable, high-yield market in Victoria, Frankston stands out as a region with immense potential. 

sourced from REA