Franktson

Our buyers’ agents consistently identify Frankston as a suburb of immense opportunity.  

Located approximately 40 kilometres south-east of the CBD, it serves as the vibrant gateway to the Mornington Peninsula. For years, it has been undergoing a significant transformation, and in January 2026 was ranked number one for growth potential.  

With a median house price around $838,000 and recent annual growth of 14.05%, Frankston presents an accessible entry point to a coastal lifestyle that is simply unattainable in suburbs like Brighton or Hampton, where medians soar above $2 million.  

For buyers looking to secure a foothold in a burgeoning seaside market, it offers a compelling blend of affordability, lifestyle, and investment upside, making it a top pick for a diverse range of purchasers. 

Shops and Amenities

TFrankston is a self-contained hub with extensive amenities. The Bayside Shopping Centre is a major retail destination, housing hundreds of stores, supermarkets, and a cinema complex. Beyond the centre, the revitalised Wells Street and the surrounding CBD offer a growing collection of cafes, diverse restaurants, and local services.  

Transport

Connectivity is a key strength. The Frankston train line provides direct and reliable services to the Melbourne CBD. The modernised Frankston Station acts as a major transport interchange for the wider peninsula region. For motorists, the suburb is exceptionally well-connected via the Frankston Freeway, EastLink, and Peninsula Link, offering efficient travel to the city, the eastern suburbs, and the holiday towns further down the coast. 

Schools

Frankston offers strong educational infrastructure. It is home to the highly sought-after Frankston High School, which has a well-defined zone that heavily influences property values in the area. Other respected options include McClelland College and the Catholic St Francis Xavier College. The presence of a major Chisholm Institute TAFE campus further cements Frankston’s status as an educational hub for the region. A buyers advocate for Frankston can provide detailed advice on specific school zone boundaries. 

Parkland

The suburb’s premier natural asset is its magnificent foreshore. Frankston boasts a long, wide, sandy beach on Port Phillip Bay, perfect for swimming, boating, and walking. The award-winning foreshore precinct includes boardwalks, an adventure playground, and open lawns. Away from the coast, residents enjoy the serene George Pentland Botanic Gardens and the expansive Beauty Park, which features a lake and walking trails. This access to green space is a fundamental part of Frankston’s appeal. 

Infrastructure and Development

Frankston is in the midst of a significant, multi-faceted urban renewal program. Substantial government and private investment is transforming the city centre, with major upgrades to the train station, streetscapes, and public spaces. This has spurred a wave of new development, including modern apartment complexes and commercial projects, which are elevating the city’s profile and infrastructure. This ongoing investment is a critical factor underpinning the suburb’s strong growth prospects and long-term value. 

• The Frankston South Pocket: Widely regarded as Frankston’s premier residential zone, this area borders the affluent Mount Eliza. It is prized for its location within the Frankston High School zone, larger land parcels, and leafy, established streetscapes. Here you will find substantial post-war family homes and some grander period residences, particularly around Olivers Hill, which offers stunning bay views.
• The Foreshore Precinct: For the ultimate beachside lifestyle, the pocket west of Nepean Highway is the place to be. Streets like Gould Street and Kars Street put you just a short stroll from the sand. The housing stock is a vibrant mix of original period cottages, renovated post-war homes, and an increasing number of contemporary townhouses and boutique apartments. 
• The CBD Fringe/Renewal Zone: Centred around areas like Playne Street and Young Street, this pocket offers outstanding value and investment potential. It is at the heart of the urban renewal, with older homes on generous blocks presenting opportunities for renovation or redevelopment. It appeals to those who want walkability to the train station, shops, and the burgeoning dining scene. 
• Where to Avoid: Our buyers agents recommend careful due diligence in some pockets bordering Frankston North and in certain high-density areas near the station that are still in the early phases of their transition.