Frankston is on Port Phillip Bay with a train to Melbourne CBD and a rapidly improving town centre. As the most affordable bay-side suburb, it attracts strong interest from buyers priced out of the bayside belt. At the current $690k median house price, an 80% loan at 6.25% over 30 years is about $3,399 per month.
| Median house price | $690,000 |
|---|---|
| Median unit price | $470,000 |
| Estimated monthly repayment | $3,399 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 3.3% |
| Gross rental yield | 3.9% |
| Typical days on market | 31 |
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