Confident because prices have grown +67.30% over the past decade, tied to tight supply: new listings are just 0.29% of homes each month, there are only 1.96 months of stock on the market, and owners hold for 9.02 years on average. The population is still growing too, adding 1,078 people (+0.75%) in 2025 to reach 145,369.
Rental Demand
Confident because rents have climbed +70.99% over ten years, faster than prices, and vacancy is just 1.16%, so very few rentals sit empty. Renter interest is running ahead of buyer interest (rent search index 7.0 vs buy 6.0), and 3-bedroom houses are the most-searched property type here.
Why This Suits You
Affordable entry point — a typical house at $944K sits under the $1M mark
Low-maintenance hold — with vacancy at 1.16%, tenants are easy to find and keep
Public-sector job base — local unemployment is 4.6% (Greater Melbourne: 5.1%), and health care (15.0%) and education (8.6%) are two of the five biggest local employers
Trade-offs
Both trade-offs come from one driver: prices have run ahead of local incomes. It now takes 43.5 years of income to buy a typical house, up from 24.8 in late 2020. That has slowed growth: prices are up 1.99% in the past year and 6.66% over three, and growth is running 21.2% below Frankston's own long-run trend. It also keeps the gross yield modest at 3.4%, so expect to top up holding costs early. What offsets it: supply is tight, vacancy is low, and because rents are rising faster than prices, yield has been edging up.
Economic profile
Source: REMPLAN / profile.id / forecast.id
Gross Regional Product
$10.13B2025
Population (2021 base + forecast)
145,369Jun 2025
Unemployment rate
4.6%Jun 2026
Frankston City
Greater Melbourne
Industry sector of employment, 2021 — top 6 by share
Health Care and Social Assistance15.0%
Construction13.8%
Retail Trade10.4%
Manufacturing8.7%
Education and Training8.6%
Professional, Scientific and Technical Services5.5%
GRP and unemployment from Frankston City's public REMPLAN economic profile; population and industry from its profile.id and forecast.id profiles (informed decisions).
Market & insurance risk
Higher = more favourable
EDI
72
Variety of industries & employment sources locally
MADI
100
Low reliance on volatile resource sectors
Bushfire Safety
100
Based on vegetation, topography & history
Flood Safety
70
Based on topography, watercourses & history
Demand profile — bedrooms × property type
3 Bed
4 Bed
5 Bed
2 Bed
1 Bed
3- and 4-bed houses dominate buyer & renter search activity in this market
Market trends
Historical data only
Headline values: $944K to buy, $618pw to rent, a 3.4% gross yield. Over the past decade, prices have moved +67.30% and rents +70.99% — rents have outpaced prices, which is why yield has edged up from 3.33% in 2016.
1 Month
0.08%
1 Quarter
0.06%
1 Year
1.99%
3 Year
6.66%
5 Year
9.23%
7 Year
43.88%
10 Year
67.30%
Buy
$944K↑ +1.99%
Rent
$618pw↑ +3.17%
Yield
3.4%↑ +1.14%
Growth Rate Cycle
GRC Index: 160
GRC Index
160
+ve minus -ve growth months
GRC Minima
-4.17%
Depth of worst slowdown
GPD
-21.2%
Growth vs area's own long-run trend
GSP
-6.5%
Growth vs surrounding LGA/state
Supply
~135 new listings/month
New stock on market
0.29%
Inventory
1.96 mo
Building approvals
0.52%· 244
Hold period
9.02 yrs
Demand
Typical sale takes 29 days
Days on market
29 days· 3.39% discount
Vacancy rate
1.16%
Buy & rent search index
6.0 Buy|7.0 Rent
Clearance rate
48.06%
Fundamentals
Underlying market quality
A sales ratio of 3.6% and rental ratio of 3%, with local schools ranked 56/100 and $1,262 of infrastructure spend per capita — the underlying quality signals behind the headline numbers above.
Affordability index — years of income to buy (Oct 2020 – Oct 2026)
43.5 yrs
Market stability
Sales ratio
3.6%
Annual sales, % of dwellings
Rental ratio
3%
Annual rentals, % of dwellings
School rank
56/100
Catchment school quality
RO ratio
29%
Owner-occupier vs investor
Infra. spending
$1,262
Active infrastructure pipeline, per capita
IRSAD
8
Socio-economic advantage index
Public housing
2.7%
Share of dwellings
Unit-to-house ratio
25.00%
Market depth
UH value ratio
62%
Typical unit vs house values
Major projects
HtAG Projects · as at 3 November 2026
ⓘ Covers all projects recorded in Frankston since 2020 — completed, active and proposed
Project pipeline at a glance
Total projects
22
Total stated value across the 12 projects with a published cost
$342.7M
Completed
13
Active (approved / under construction)
6
Proposed
3
Projects by type
Type
Projects
Transport
10
School
5
Industrial
3
Health
2
Sport
1
Commercial
1
Top 10 projects by stated value
1.Commuter Car Park Upgrade – Frankston Line, Frankston
Commuter car park upgrade on the Frankston line, the largest priced project in the Frankston list.
Value: $88.2MCompleted: Late 2024
Completed
2.Frankston Stadium Redevelopment
Approved redevelopment of Frankston Stadium.
Value: $54.3MLocation: Seaford
Approved
3.Chisholm Frankston Campus Redevelopment Stage 2
Stage 2 redevelopment of the Chisholm Frankston campus.
Value: $47.7MLocation: Frankston
Completed
4.Ballarto Road, Skye
Transport project on Ballarto Road, Skye.
Value: $36.5MLocation: SkyeCompleted: Mid 2025
Completed
5.Warehouse, Frankston-Dandenong Road, Seaford
Approved warehouse development on Frankston-Dandenong Road.
Value: $31.0MLocation: Seaford
Approved
6.Education or assembly building, Frankston-Dandenong Road, Carrum Downs
Education or assembly building on Frankston-Dandenong Road.
Value: $23.0MLocation: Carrum Downs
Completed
7.Commuter Car Park Upgrade – Kananook
Commuter car park upgrade at Kananook.
Value: $22.0MLocation: KananookCompleted: Late 2024
Completed
8.Warehouse, Frankston-Dandenong Road, Seaford
Approved warehouse development on Frankston-Dandenong Road.
Value: $14.1MLocation: Seaford
Approved
9.Factory or laboratory, Network Drive, Carrum Downs
Approved factory or laboratory building on Network Drive.
Sourced from HtAG Projects (as at 3 November 2026), which compiles council, state government and ABS building-approval records. Projects shared across several councils (e.g. Hall Road Upgrade) and region-wide programmes (e.g. Suburban Roads Upgrades – South Eastern and Northern Roads, $3.1B across 14 councils) are excluded from the top 10 because no Frankston-specific cost is published. Projects without a published cost, including Frankston Hospital Redevelopment Stage 2 and Nepean Special School (both under construction), are not ranked. Confirm current status before relying on this for a purchase decision.
What these numbers mean
Plain-English definitions
Economic profile
Gross Regional Product (GRP)
The total value of all goods and services produced within the LGA in a year — the local equivalent of GDP, a measure of the strength and size of the area's economy.
Population (ERP)
Estimated Resident Population — the ABS's official population count for the area, plus forward forecasts based on historical growth patterns.
Unemployment Rate
The share of the local labour force actively looking for work but not currently employed, measured quarterly.
Industry Sector of Employment
The percentage of local workers employed in each industry — shows what the area's economy actually runs on, and how reliant it is on any one sector.
Scores & risk
EDI
Economic Diversity Index — how many different industries employ people locally. Higher = less exposed to a single employer or sector downturn.
MADI
Mining & Agriculture Dominance Index — how reliant the local economy is on volatile resource sectors. Higher = less reliant, more stable.
Bushfire / Flood Safety
A safety score from 0–100 based on vegetation, topography, watercourses and historical incidents. Higher = safer.
IRSAD
ABS Index of Relative Socio-economic Advantage and Disadvantage — a decile (1–10) measuring the area's socio-economic profile. Higher = more advantaged.
Market trends
Typical price / Yield
Typical price is recalculated every month for the current month and all previous months. Yield is the resulting gross rental yield.
Growth Rate Cycle (GRC)
Tracks the speed of price growth, not price itself. A rising curve means growth is accelerating; a falling curve means it's cooling.
GRC Index
The area's current position in its growth cycle, calculated as the number of months with positive growth minus the number of months with negative growth.
GRC Minima
The lowest cyclical growth-rate point the area has recorded — the depth of its worst slowdown.
GPD (Growth Pattern Deviation)
How current growth compares with the area's own long-run trend, averaged across 3- to 10-year windows. Negative = growing slower than its own history.
GSP (Growth Spillover Potential)
How the area's growth compares with the surrounding areas, averaged across 3- to 10-year windows. Negative = it has lagged its neighbours.
Supply & demand
Stock on Market (SoM)
New listings as a % of total dwellings. Below ~0.4% is considered low supply — a tight market.
Inventory
Months it would take to sell all current stock at the recent sales rate. Under ~3 months leans toward sellers.
Building Approvals
New dwelling approvals as a % of total dwellings — a forward indicator of future supply, since approvals become homes in 2–3 years.
Hold Period
The average length of time owners keep a property before selling. Over ~7 years (a full property cycle) = tightly held.
Days on Market (DOM) & Discount
The typical time a property takes to sell, plus how much below the asking price vendors are accepting. Under ~35 days = high demand; a larger discount = more buyer bargaining power.
Vacancy Rate
The share of rental dwellings sitting vacant for 21+ days. Between 1% and 3.5% = balanced; under ~1% = very high tenant demand.
Search Index (Buy & Rent)
Online buy and rent search interest, scored 1–10 against the wider area and adjusted for population. Higher = the area is attracting a bigger share of attention.
Clearance Rate
The share of scheduled auctions that sell. Above ~70% = high demand. Less meaningful in months with only a handful of auctions, and where most homes sell by private treaty.
Fundamentals & projects
Affordability Index
Years of median household income required to buy the typical property outright.
Sales / Rental Ratio
Annual sales (or rentals) as a % of total dwellings — a measure of how much of the area turns over each year.
School Rank
Catchment school quality, scored out of 100 based on academic performance data.
RO Ratio
The balance of owner-occupiers to investors in the area.
Infra. Spending
Non-residential building approval value per adult resident — a proxy for how much infrastructure investment is flowing into the area.
Unit-to-House / UH Value Ratio
How much of the housing stock is units vs houses, and how unit prices compare to house prices in the same area.
Public Housing
The share of dwellings in the area that are government-owned social housing.
Stated Project Value
The published cost of a project. Some projects have no published cost, or share one cost across several councils, so they aren't counted in the total.
Definitions simplified for client readability — see HtAG's own data dictionary for full technical methodology.
Important: Market and project data sourced from HtAG Analytics. Economic data from REMPLAN, profile.id and forecast.id (informed decisions).
Figures shown are indicative and general in nature only, and do not constitute personal financial, investment, or legal advice. Past performance is not a reliable indicator of future results. You should seek independent professional advice before making any investment decision. Mindset Property Pty Ltd, ACN 664 657 247.
