Frankston North is Melbourne's most affordable coastal-adjacent suburb, representing a genuine first-home opportunity with proximity to Frankston's service centre and hospital precinct. Rapid gentrification pressure from Frankston South is driving above-average capital growth. At the current $620k median house price, an 80% loan at 6.25% over 30 years is about $3,054 per month.
| Median house price | $620,000 |
|---|---|
| Median unit price | $420,000 |
| Estimated monthly repayment | $3,054 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 10% |
| Gross rental yield | 4.8% |
| Typical days on market | 12 |
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